VANCOUVER, B.C. – West Fraser Timber and Mercer International announced an agreement to dissolve their 50/50 joint venture in Cariboo Pulp and Paper. West Fraser will continue as the sole owner/operator of the mill, doing business as Cariboo Pulp and Paper Company. Located in Quesnel, BC, Cariboo Pulp and Paper has the capacity to produce up to 340,000 tonnes of high-quality Northern Bleached Softwood Kraft (NBSK) pulp annually, employing nearly 300 people. …Sean McLaren, West Fraser’s President & CEO said “This agreement better positions West Fraser to support the mill and provides ongoing certainty to our talented workforce.” …Juan Carlos Bueno, Mercer CEO, said, “this dissolution will allow us to redeploy and direct resources to areas that are better aligned with our long-term focus.” No termination or other amounts are payable by either company in connection with the termination of the joint venture. Mercer will retain certain finished product inventory in connection with the transaction.