Interfor Completes Acquisition Of Rayonier’s Wood Products Business
International Forest Products Limited (Interfor) announced that it had completed the acquisition of Rayonier’s Wood Products Business in the U.S. South, as scheduled on March 1st. The acquisition includes three sawmills located in central Georgia with a combined annual capacity of 360 million board feet.
“The acquisition of Rayonier’s Wood Products Business is a significant strategic move for Interfor,” said Duncan Davies, Interfor’s President & CEO. “In addition to providing a footprint in the U.S. South the acquisition increases Interfor’s annual production capacity to more than 2 million board feet and broadens our product base to include Southern Yellow Pine.”
The transaction is expected to be accretive to both earnings and free cash flow from the outset.
“I would like to thank the people involved from both Rayonier and Interfor who worked so hard to complete this transaction in such a short period of time,” said Davies. “We are looking forward to working with Rayonier to build mutual value as we move ahead.”
RELATED ARTICLES
Interfor Purchases Four Sawmills From GP
Interfor Is Purchasing WestRock Summerville Sawmill
Interfor Lays Off Gilchrist Staff
Latest News
Weinig Gains CLT Project
The Weinig Group reports it has received an order as a complete supplier for a CLT project at HolzBauWerk Schwarzwald GmbH, including all automation components, planers, crosscut saws, fingerjointing lines, edge-gluing machines for longitudinal and cross-layers, plus the…
New Sawmill Is Planned For Near Forks
He’s back. Phil Johnson, who was one of the principals and helped to build sawmill operations called Lewis County Forest Products in Winlock, Wash. and Mason County Forest Products in Shelton, Wash., is in the sawmill development business again with Spencer Forest Products and its proposed softwood sawmill in…
New Year Brings In Housing Starts Dip
U.S. housing starts dropped 4.1% in January 2022 from December 2021 to a seasonally adjusted annual rate of 1.638 million, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly new residential construction report. Single-family starts in January were…
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.