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
West Fraser Announces Senior Leadership Transition Plan
Hank Ketcham, Chairman of West Fraser’s Board of Directors, announced that Ray Ferris, current West Fraser President and Chief Executive Officer, plans to retire on December 31, 2023. Ferris has been with West Fraser for over 26 years in increasingly senior positions culminating in his appointment as…
New From Dakin-Flathers Ripper37 Quantum
Engineered to redefine the limits of bandsaw blades, the all-new Ripper37 Quantum from Dakin-Flathers promises unmatched precision, efficiency, and above all, durability for resawing lumber like never before the manufacturer says, lasting twice as long as the Lenox Woodmaster C…
SFI Announces 2023 Community Grants
The Sustainable Forestry Initiative (SFI) has announced 16 new SFI Community Grants to support meaningful initiatives in communities across the United States and Canada while progressing SFI’s mission of advancing sustainability through forest-focused collaboration…
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.