Interfor Completes Acquisition Of Keadle Lumber

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548381510056-0'); });

International Forest Products Limited (Interfor) recently announced it has completed the acquisition of the sawmill operations from Keadle Lumber Enterprises, Inc. of Thomaston, Georgia.

The Keadle mill currently operates on one shift. Over the course of the next year, Interfor plans to invest in additional kilns that will increase the mill’s operating capacity to more than 160 million board feet. The total investment including the acquisition cost and capital for the additional kilns is approximately US$45 million, excluding working capital.

“This acquisition is part of Interfor’s strategy to grow our presence in the U.S. Southeast and reinforces our position as one of the world’s largest and most diverse lumber companies,” said Duncan Davies, Interfor President & CEO. “Keadle’s 75 employees have joined Interfor, and will work with us as we continue to build value for our customers, shareholders and other stakeholders.”

When combined with the Rayonier mills purchased earlier this year, Interfor will have total annual lumber capacity of over 520 million board feet in the U.S. Southeast, representing approximately 23% of the company’s total capacity.

Latest News

Two Rivers Lumber Co. To Build $65 Million Alabama Sawmill

Governor Robert Bentley announced that Two Rivers Lumber Co. plans to invest $65 million to build a state-of-the-art sawmill in Demopolis that will create 55 jobs initially and a total of 95 eventually. “I am…

Report Details Global Softwood Lumber Price Growth

The upward trend of global softwood lumber prices is charted in the latest market update from Wood Resource Quarterly. Higher prices during the first six months of 2016 are due to higher demand and a…

Canadian Lumber Executives Press Softwood Deal With U.S.

Canadian lumber and government officials told the U.S. trade representative that any new softwood lumber agreement must reflect the differences in forestry regimes across the country. The chief executives of 10 lumber producers and Canadian…

« Older Entries

Next Entries »

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548381237439-0'); });

Find Us On Social

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548380448760-0'); });

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548380578329-0'); });

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548380709898-0'); });

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548380656716-0'); });

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548380767732-0'); });

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548380810300-0'); });

Newsletter

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

Subscribe Now

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.

Complete the form

Advertise

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

Contact Us