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Western Forest Products Inc. Announces Election of Directors

Western Forest Products Inc. Announces Election of Directors
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West Fraser and Norbord each report pre-merger record profits


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VANCOUVER, British Columbia – West Fraser, which completed its acquisition of its rival Norbord Ind. on Feb. 1, reported record earnings on record revenues for 2020.
West Fraser posted an adjusted EBITDA of C$1.460 billion for 2020, nearly five times higher than its 2019 EBITDA of C$301 million. The profit came on 2020 sales of C$5.850 billion, up 20% from the C$4,877 billion of sales West Fraser generated in 2019.
Norbord, in its last full year as a stand-alone company, went out with a bang. The company’s 2020 sales totaled C$2.407 billion, up 39.1% over the C$1.731 billion it amassed in 2019. More impressive, Norbord reported adjusted EBITDA of C$865 million for 2020 compared to C$138 million in 2019. ....

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