Ainsworth Lumber Co. Ltd.

Ainsworth Lumber Co. Ltd.

September 07, 2005 19:11 ET

Ainsworth Completes the Acquisition of Chatham Forest Products Inc.

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 7, 2005) - Ainsworth Lumber Co. Ltd. (TSX:ANS) ("Ainsworth") today announced that it has completed the acquisition of Chatham Forest Products Inc. ("Chatham"). Chatham holds an air emissions permit and property rights for a proposed oriented strand board ("OSB") project in Lisbon, New York. The completion of the purchase follows due diligence and initial feasibility studies as previously announced in March 2005.

Before beginning construction of any new facility, Ainsworth will complete the expansion of the Grand Prairie, Alberta mill (expected in the first quarter of 2007) and will consider the market conditions at that time.

Contact Information