Interfor is acquiring the WestRock sawmill in Summerville, SC for US$59 million. The Summerville mill produced 125MMBF in 2020. A new permit was received in 2020 that allows for the production of up to 200MMBF and Interfor has identified a number of operational and capital investment initiatives to optimize and increase production going forward.
The Summerville mill is 65 miles southwest of Interfor’s Georgetown, SC mill and 115 miles northeast of Interfor’s Meldrim, Ga. mill. This strategic positioning will allow for log sort optimization and procurement synergies across these three mills, according to Interfor.
As part of the transaction, Interfor will enter into a long-term chip and biomass supply agreement with WestRock’s Charleston, SC paper mill. “This transaction is a logical tuck-in with our existing U.S. South platform and reiterates Interfor’s commitment to disciplined growth and investment in the U.S. South,” says Ian Fillinger, President and CEO of Interfor.
As a result of the transaction, Interfor’s total annual lumber production capacity will increase to 3.2 billion BF, of which 1.7 billion BF or 55% will be located in the U.S. South.
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Brad Thorlakson, President and CEO of Tolko Industries, has announced that Pino Pucci, Vice President of Sales, Marketing and Logistics will assume a newly created interim role as Tolko’s Chief Operating Officer. “This role has been created to support our succession planning process, as Pino will eventually succeed me as President & CEO,” Thorlakson says. “Pino’s proven leadership experience, significant focus on people and…
Article by Jessica Johnson, Senior Editor, Timber Processing September 2023 – Unlike my dear old boss Rich Donnell, I did not grow up in Nashville. When the Southern Forest Products Assn. announced the move from my beloved hometown of Atlanta, Ga. for its Forest Products Machinery & Equipment EXPO…
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