08:14 AM EDT, 07/19/2022 (MT Newswires) -- Private equity firm CVC Capital and wood panel manufacturer Kronospan have submitted a joint expression of interest to acquire Canadian lumber company West Fraser Timber Co (WFG.TO), people familiar with the matter said on Tuesday, according to a Reuters exclusive.
CVC and Kronospan have informed West Fraser's management that they would like to proceed with deal negotiations, the sources said. The acquisition terms they proposed could not be learned.