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
Lucidyne Becomes Microtec Corvallis
Corvallis, Ore.-based Lucidyne Technologies, which was purchased in 2020 by Microtec, is now named Microtec Corvallis as Microtec finalizes its branding integration plans. Last year, following its acquisitions of Finscan and Woodeye, Microtec rebranded Finscan as Microtec Espoo and Woodeye as…
Softwood Lumbermen Still Feeling Good
U.S. softwood lumbermen are not as bullish about their lumber business situation as they were a year ago, but they’re still upbeat and capital expenditure projects are in full force, according to Timber Processing’s annual 2022 U.S. Sawmill Operations & Capital Expenditures Survey…
Multi-Family Housing Continues Surge
U.S. single-family housing starts in April dipped 7.3% from March to a seasonally adjusted rate of 1.1 million, but multi-family starts (five units or more) shot up 16.8% over March to 612,000, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly new…
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.