VANCOUVER, BC (News release) -- Millar Western Forest Products Ltd. has completed the sale of its wood products assets to Canfor Corporation. The transaction included lumber and specialty lumber mills in Whitecourt, Fox Creek and Acheson, Alberta, Canada, and associated woodlands operations and timber holdings.

Millar Western continues to own and operate its bleached chemi-thermomechanical pulp (BCTMP) mill in Whitecourt, with corporate services based in its head office in Edmonton. This transaction positions the company to focus on growth opportunities in the pulp sector.

The facilities sold represented production capacity of 630 million board feet of lumber products and a workforce of approximately 550 people. All managers and employees of the facilities are now employed by Canfor, and the facilities are now operating as divisions of Canfor.

Millar Western is a privately held, Alberta-based forest products company. Headquartered in Edmonton and operating an advanced-technology BCTMP mill in Whitecourt, the company produces high-quality hardwood and softwood pulp.