Western Forest Products (WFSTF)

[flemsnopes]

$WFSTF NEWS

Western Forest Products to Acquire Processing and
Distribution Centre in Arlington,
Washington
GlobeNewswire
10:59 PM ET

Western Forest Products Inc. (TSX:WEF) ("Western" or the
"Company") today announced that it has entered into an
agreement with Hampton Lumber Mills-Washington, Inc.
("Hampton") to acquire Hampton's lumber processing and
distribution centre in Arlington, Washington. The purchase
price of the transaction is approximately USD $9 million and
is anticipated to close in January 2018.


"This acquisition is a natural fit for
Western as it allows us to increase the production of
targeted, finished products while also providing a
centralized warehousing and distribution centre to more
effectively service our selected U.S. customers," said Don
Demens, President and CEO of Western. "This asset in
Washington State also strengthens our global competitiveness
by positioning Western to mitigate the damaging effects of
duties on our products destined for the U.S. market."


The site is ideally suited for Western's
central distribution needs with direct rail service and
close proximity to the Company's major U.S. markets.


About Western Forest Products Inc.


Western is an integrated Canadian forest
products company and is the largest coastal British Columbia
woodland operator and lumber producer. The Company has an
annual available harvest of approximately 6.1 million cubic
metres of timber, of which approximately 5.9 million cubic
metres is from Crown lands. Western has a lumber capacity in
excess of 1.1 billion board feet from seven sawmills and one
remanufacturing plant. Principal activities conducted by the
Company include timber harvesting, reforestation, sawmilling
logs into lumber and wood chips, and value added
remanufacturing. Substantially all of Western's operations,
employees and corporate facilities are located in the
coastal region of British Columbia, with sales worldwide.


Media Inquiries:

Babita
Khunkhun

Senior Director, Communications


[phone]

Investor
Inquiries:

Stephen Williams


Senior Vice President & Chief Financial
Officer

[phone]


Forward Looking Statements and Information


This press release contains statements
that may constitute forward-looking statements under the
applicable securities laws. Readers are cautioned against
placing undue reliance on forward-looking statements.
Forward-looking statements can be identified by the use of
words such as "anticipate" and similar references to future
periods. Forward-looking statements in this press release
include, but are not limited to, the anticipated timing and
benefits of the transaction between the Company and Hampton
Lumber. Although such statements reflect management's
current reasonable beliefs, expectations and assumptions,
there can be no assurance that the proposed transaction will
occur or that the anticipated strategic benefits will be
realized in their entirety, in part or at all. Many factors
could cause our actual results or performance to be
materially different, including the factors discussed in the
company's annual information form, which is available on the
Company's website at www.westernforest.com. Forward-looking
statements are based only on information currently available
to us and refer only as of the date hereof. Except as
required by law, we undertake no obligation to update
forward-looking statements.


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