Binderholz Wins Auction For Klausner Two
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.
RELATED ARTICLES
Binderholz Wins Klausner Sawmill
Latest News
Global Softwood Lumber Exports Rising
Global softwood lumber trade increased 12% year-over-year to reach a new record-high of 121 million cu. ft. in 2016, according to Wood Resources International. Since the global financial recession in 2009, there has been a…
B.C. Envoy Says Window Is Open For U.S. Softwood Lumber Deal
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); British Columbia’s softwood trade envoy says there’s a slight opportunity to quickly negotiate a new lumber agreement between Canada and the United States, but if a deal can’t be reached by…
Purdue University Scanner May Boost Lumber Industry
The hardwood industry adds $17 billion to Indiana’s economy. Since 1898, the hardwood lumber industry has relied on the human eye to detect knots and other imperfections as a way of determining the quality of…
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.