One of Alberta’s leading forest production companies has announced that it will continue its growth through a new acquisition.
On Tuesday, Millar Western announced that it has bought Spruceland Millworks Inc., including all shares of the company, its manufacturing operations in Acheson and its woodlands assets.
Spruceland will operate as a division of Millar Western under existing management.
The merger will strengthen Millar Western and benefit operations, as it merges its sawmill with Spruceland’s manufacturing capabilities.
Combined, the two companies will employ over 700 full-time workers.
Financial details of the deal were not released.