West Fraser Timber
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West Fraser Timber Co. Ltd., commonly known as "West Fraser", is a Canadian forestry company that produces lumber, laminated veneer lumber (LVL), medium-density fibreboard (MDF), oriented strand board (OSB), plywood, pulp, newsprint, and wood chips.[1] Based in Vancouver, British Columbia, the company is a member of the Forest Products Association of Canada.[2] Template:Asof, West Fraser had been recognized eight times as one of Canada's Top 100 Employers.[3]
History
West Fraser Timber was founded in 1955 by three brothers from Seattle: Samuel Kendall Ketcham, Henry Holman ("Pete") Ketcham Jr., and William Peters Ketcham.[4] Their father was Hank Ketcham, who played college football for the Yale Bulldogs and was inducted to the College Football Hall of Fame.[5]
The three brothers decided to do business together and purchased a small planing mill in Quesnel, British Columbia. Samual Ketcham served as president of the company until his death in November 1977 in a helicopter crash.[6] He was succeeded by Douglas Johnston,[7] and later by Chester Johnson. Henry H. Ketcham, son of "Pete" Ketcham, became president in 1985.[8] He led the company through an initial public offering in May 1986.[9] Later, Ketcham also became CEO and oversaw the company until 2012.[10] Ted Seraphim subsequently became president and then CEO,[11] until being succeeded by Raymond Ferris as president in April 2018 and CEO in June 2019.[12]
As of 2018, "West Fraser has become the largest lumber manufacturer in North America with 8,600 employees globally – about 5,000 in Western Canada – at about 50 locations."[3]
In April 2020, it was revealed that Canadian business magnate Jim Pattison had upped his stake in West Fraser to 13.8% ownership, prompting speculation that the billionaire had plans to merge the company with Canfor, of which he owns 51%. In response, West Fraser adopted a shareholder rights plan or "poison pill" in order to defend against any attempts at a takeover.[13][14]
References
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External links
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