Header: Header: Header:

International Forest Products To Acquire Tolleson Ilim Lumber

Canada’s International Forest Products Ltd. agreed Sunday to acquire Tolleson Ilim Lumber Co. from Russia’s Ilim Timber Continental SA for $180 million, including working capital, in a deal that would make it one of the five largest lumber producers in North America based on production capacity.

Tolleson operates two sawmills in Perry and Preston, Ga., in the U.S. southeast with combined annual lumber capacity of more than 400 million board feet, complementing International Forest’s operations in nearby Thomaston and Eatonton, Ga.

International Forest, or Interfor, said the transaction will allow it to increase by almost 20% its annual lumber production capacity to 2.6 billion board feet ranking it among the top-five lumber companies in North America, while providing it a platform for future growth and annual cost savings and efficiencies of more than $5 million. Vancouver-based Interfor is ranked about eighth among North American lumber producers based on production capacity.

Following the acquisition, Interfor’s operations in the U.S. southeast will represent about 35% of its production capacity.

“This transaction represents a significant step for Interfor,” Duncan Davies, Interfor’s chief executive, said in a release. “The Tolleson mills are a great fit with our operations in the U.S. southeast and provide a larger footprint on which to build our presence in the region.”

From The Wall Street Journal: online.wsj.com

Latest News

Roseburg Names Tony Ramm Senior VP

Roseburg announced that Tony Ramm has been named Senior Vice President of Human Resources and Labor, overseeing the company’s human resources, benefits and compensation, recruitment, and environmental health and safety teams.

When He Talks People Listen

Article by Jessica Johnson, Senior Editor, Timber Processing January/February 2024
Some of the smartest men and women in the industry have graced the pages of this magazine—and have won the award of Timber Processing Person of the Year. They’ve all been incredibly worthy of this recognition for innovation, commitment and love of the industry they serve. Perhaps none have been quite as innovative as the introverted sawmiller from Georgia named Levi Anderson Pollard, V, whose name is on two of the patents that changed the way the sawmilling world manufactures and dries lumber (and on so many other patents as well).

Industry Says Goodbye To Walter Jarck

Walter Jarck, whose career in the forest products industry spanned 65 years and ranged from logging machinery to engineered wood products, died January 3, surrounded by his children, in North Wilkesboro, NC. He was 92.

Find Us On Social

Newsletter

The monthly Timber Processing Industry Newsletter reaches over 4,000 mill owners and supervisors.

 

Subscribe/Renew

Timber Processing is delivered 10 times per year to subscribers who represent sawmill ownership, management and supervisory personnel and corporate executives. Subscriptions are FREE to qualified individuals.

Advertise

Complete the online form so we can direct you to the appropriate Sales Representative.