Interfor Completes Acquisition Of Keadle Lumber
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.
RELATED ARTICLES
Interfor Purchases Four Sawmills From GP
Interfor Is Purchasing WestRock Summerville Sawmill
Interfor Lays Off Gilchrist Staff
Latest News
One Last Look At How Bad It Was In 2007-08
Many people tend to recall that the Great Recession began with the collapse of the Lehman Brothers financial firm in September 2008. But those of us associated with the forest products industry, and especially you…
Mills To Arizona And New Mexico Senators: Give Us More Timber
On the edge of what promises to be another hot, drought-fueled wildfire season, timber companies working under the U.S. Forest Service’s expiring 10-year White Mountain Stewardship Project are running short of wood. Eastern Arizona loggers…
Franklin Startup Brings Back Memories of New Sawmill
Article by Rich Donnell, Editor-In-Chief, Timber Processing April 2014 We’ve been reading a lot about Canadian forest products companies buying southern pine sawmills. We haven’t read so much about U.S. independent ownerships taking over formerly…
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.