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
U.S. Lumber Lobby Threatens To Thwart Canada In Trade Deal
The powerful softwood lumber lobby in the United States is suggesting it could thwart Canada’s efforts to join a Pacific free trade zone if its neighbor refuses to address long-standing irritants. Zoltan van Heyningen, executive…
U.S. Claims B.C. Loggers Violating Softwood Lumber Deal
The American lumber lobby says the B.C. government has been under-charging coastal forest companies for timber harvested on Crown lands to the tune of $70 million a year. And that throws into question the accuracy…
Boise Kinzua Sawmill
PILOT ROCK, Ore. – When it acquired the northeast Oregon mill here three years ago, Boise Cascade LLC sought to avoid the impression of big corporate culture “taking over” the facility, says Plant Superintendent Mike…
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.