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Millar Western and Northlands Announce Completion of Sale

Edmonton, Alberta, Canada 24 December 2015 -- /CNW/ -- Millar Western Forest Products Ltd. and Northland Forest Products Ltd. today confirmed the completion of a transaction previously announced on December 1. Millar Western sold its Boyle operations to Northland, effective December 22, 2015, for $30,690,000 plus working capital.

"Since purchasing and reopening this facility in 1994, Millar Western has appreciated the strong support of our employees, families, contractors and neighbours in Boyle. We are pleased the operation will be transferred to a well-run, family-owned organization," said Millar Western President and CEO Craig Armstrong.

"The Boyle operation is a good strategic fit for Northland Forest Products. We are very pleased to have this opportunity to grow our business and enhance our fibre security," said Northland President Howard Ewashko.

About Millar Western Forest Products Ltd.

Millar Western is a private forest products company headquartered in Edmonton and operating a high-yield pulp mill in Whitecourt and dimension lumber mills in Whitecourt and Fox Creek, Alberta.

About Northland Forest Products Ltd.

Northland Forest Products is a private forest products company headquartered and operating a dimension lumber mill near Fort McMurray, Alberta.


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