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

Montana’s Pyramid Mountain Lumber Awarded Bitterroot Timber Sale

Work to thin 1,770 acres of Bitterroot National Forest lands between Lake Como and Lost Horse Canyon will get underway in the next couple of weeks. Pyramid Mountain Lumber Co. of Seeley Lake was awarded…

U.S. Tall Wood Building Prize Competition Winners Revealed

U.S. Secretary of Agriculture Tom Vilsack, in partnership with the Softwood Lumber Board and the Binational Softwood Lumber Council, recently announced the winners of the U.S. Tall Wood Building Prize Competition. The two winning development…

Weak Demand Slows Production At Southern U.S. Interfor Mills

Interfor Corp. said weak demand for southern yellow pine lumber is forcing it to reduce production by 20 percent at its southern U.S. mills. Work hours at the mills were reduced by five hours until…

« 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