Atlas Holdings LLC has acquired a controlling stake in Millar Western Forest Products Ltd. following the successful completion of a note exchange transaction and share exchange transaction.
These transactions will significantly reduce the company’s indebtedness and strengthen its financial position, enhancing its ability to respond to and capitalize on developments in the forest products industry.
“These transactions ensure that Millar Western is well-positioned to build upon its long history and continue as a strong player in the Alberta forest products industry well into the future,” said H. MacKenzie Millar, outgoing Chairman of the Millar Western Board of Directors.
Founded in 1906, Millar Western is an integrated forest products company based in Alberta, Canada. The company produces and markets hardwood and softwood bleached chemi-thermo-mechanical pulp, or BCTMP, as well as softwood lumber.
