Interfor Completes Acquisition Of Rayonier’s Wood Products Business

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548381510056-0'); });

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.”

Latest News

Linnaeus University Study To Help Development Of Timber Buildings

At Linnaeus University Min Hu, PhD has been studying timber for the future of sustainable building. The focus of this research is the stiffness of the boards, which is the governing engineering property in many…

Texas Lumber Industry Employment Decreases, While State Numbers Grow

Despite Hurricane Harvey’s creation of hundreds of construction projects, lumber companies in East Texas are still hurting. “I would’ve called you a liar if you would have told me that when Hurricane Harvey hit that…

Roseburg Forest Products To Acquire Canada’s Pembroke MDF

Oregon-based Roseburg Forest Products recently reached an agreement in principle with Pembroke MDF, Inc. to purchase Pembroke’s medium density fiberboard (MDF) and molding production facilities located in northeastern Ontario, Canada. Upon final due diligence and…

« 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