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

Wood Markets Releases Top Lumber Producers Survey

The latest Wood Markets annual survey of the “top 20” Canadian and U.S. lumber producers shows that West Fraser Timber has retained its title of being North America’s largest softwood lumber producer in 2011 with…

U.S. Sawmill Production Increased In 2011

Full-year production by U.S. sawmills grew 7.7% in 2011 to 26.712 billion board ft. (bbf) from 24.802 bbf in 2010, according to the latest statistics from the Western Wood Products Assn. (WWPA). Sawmills in the…

Credit Crunch An Unusual Ally In U.S. Lumber Rally

U.S. lumber futures prices have soared about 30% in the past five months, with bets rising 18% since January with help from an odd ally: a credit crunch in the industry. Lumber distributors, who channel…

« 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