Austria-based Binderholz Group has purchased, through auction, the bankrupt Klausner Lumber Two LLC sawmill operation in Enfield, NC for $83.4 million. Binderholz had already purchased, at auction in August, the bankrupt Klausner Lumber One LLC sawmill operation in Live Oak, Fla. for $61 million.
Binderholz prevailed over runnerup bidder Austria-based Mayr Melnhof Holz both times.
Reinhard Binder, CEO of Binderholz, comments, “The acquisition of Klausner Lumber Two is the logical complement to the Klausner Lumber One plant. With this acquisition accomplished, the foundation has been laid for further investments.”
Klausner Lumber Two had produced some green lumber before going down. As some technical investments still have to be made, production is expected to start at the end of 2021. Construction at Enfield began in 2015 and over the years several setbacks and delays plagued the operation. Klausner shut it down this past March. Both Klausner sawmills were expected to produce 350MMBF of southern yellow pine lumber annually.
With this acquisition Binderholz becomes the largest European lumber producer with nine sawmills in Austria, Germany, Finland and the U.S. Family-owned Binderholz now has 14 locations producing sawn timber, profiled timber, single- and multi-layer glued solid wood panels, glued laminated timber and cross laminated timber. Once both U.S. mills are running, it will employ 3,500 at five Austrian sites, five German sites, two Finnish sites and the two U.S. sites.
Robert Jordan, IV, president and CEO of the Jordan Companies, is the 2021 Timber Processing Person of the Year, 14 years after his father, Bob Jordan, received the annual award, now in its 33rd year. Truly…
U.S. housing starts, thanks to the single-family market, finished 2020 on a surge, with December housing starts at a seasonally adjusted rate of 1.669 million, a 5.8% increase over November and 5.2% increase compared to December…
Biewer Plans For Second SYP Greenfield Mill: Biewer Lumber is constructing its second greenfield southern yellow pine sawmill in Mississippi, this one in Winona, about 100 miles north of its first one in Newton, and…
Find Us On Social
The monthly Timber Processing Industry Newsletter reaches over 4,000 mill owners and supervisors.
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.
Complete the online form so we can direct you to the appropriate Sales Representative.