West Fraser and Mercer International dissolve joint venture in Cariboo Pulp and Paper

West Fraser Timber Co. and Mercer International Inc. are dissolving their 50/50 joint venture in Cariboo Pulp and Paper.

Vancouver-based West Fraser will be the sole owner and operator of the mill.

West Fraser president and CEO Sean McLaren says the move better positions the company to support the mill and provide ongoing certainty to its workforce.

Meanwhile, Mercer CEO Juan Carlos Bueno says the dissolution will allow the firm to direct resources to areas that better align with its long-term focus.