Binderholz Wins Klausner Sawmill
Austria-based Binder Beteiligungs AG submitted the winning bid at auction for the Klausner Lumber One LLC sawmill in Live Oak, Fla.
Binder out-bid Austria-based Mayr-Melnhof Holz and Vancouver-headquartered Mercer International. In the preliminary (Stalking Horse) round of bidding, Mercer had bid $26 million and Binder subsequently increased it to $30 million. But the winning bid tally by Binder (acting through Timber One Acquisition Holdings LLC) reached $61 million plus liabilities, while Mayr-Melnhof was the backup bidder. The bankruptcy court is expected to approve the sale at a hearing on August 31.
The Florida sawmill, which started up in 2015 with 350MMBF of annual production capacity, has basically stumbled through the ensuing years, and earlier this year its ownership filed for Chapter 11 bankruptcy. Foundation problems and labor issues apparently plagued the sawmill from the outset.
Family-owned Binder of Fügen, Austria operates in 12 locations in Austria, Germany and Finland producing lumber, CLT and laminated beams. Binder has continued to expand its CLT production capacity in Germany and Austria and there’s some speculation whether Binder will bring CLT manufacturing to the Florida sawmill site.
Another Klausner operation, Klausner Lumber Two sawmill in Enfield, NC, has also filed for bankruptcy. It reportedly never reached production.
Mercer, known more for its pulp mill manufacturing, purchased a Klausner sawmill in Germany back in 2017.
RELATED ARTICLES
Binderholz Wins Auction For Klausner Two
Latest News
Sawmill Industry Is Still In A Sprint
Article by Rich Donnell, Editor-in-Chief, Timber Processing November 2021 – The numbing noise of nothingness. I’m referring to those times in the lumber market cycle when profits don’t exist and pessimism takes hold. Anybody in the lumber industry who has some age on them has…
BC Plans Rankles Industry
Susan Yurkovich, President and CEO of the BC Council of Forest Industries, says the British Columbia Government’s apparent intention to defer 2.6 million hectares of old-growth across British Columbia will have a “profound and devastating impact on people, families and communities across the province…
Idaho Producers Supply Mass Timber Arena
Industry stakeholders of all types worked to supply materials for the recently opened ICCU Basketball Arena at the University of Idaho in Moscow. The 4,000 seat facility, which opened in October 2021, incorporates several innovative mass timber elements across some of the longest spans in the country. Designers…
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.