West Fraser Timber Co. Ltd. Sells Uruguay Plantations

West Fraser Timber Co. Ltd. sold its Uruguayan subsidiaries and related debt to a joint venture between Weyerhaeuser Company and institutional investors advised by UBS Timber Investors on June 29, 2001. The subsidiaries hold as their principal assets plantations of intensively managed eucalyptus and pine trees. Sale proceeds to West Fraser were approximately $73 million.

West Fraser was represented by Larry Hughes (corporate), Peter Botz (corporate and tax) and Candice Alderson (corporate) of the Vancouver office of Lang Michener, and John Leaman of Guyer & Regules in Uruguay. Brad Sakich and Mike Kauffman of PricewaterhouseCoopers LLP advised West Fraser on international tax matters. Weyerhaeuser was represented by in-house counsel Claire Grace, and UBS was represented by Michael Glanz of Foley, Hoag & Eliot LLP in Boston.


Michael Glanz Peter Botz Brad Sakich John Leaman Mike Kauffman Larry S. Hughes Candice Alderson


McMillan LLP Guyer & Regules Foley Hoag LLP