Interfor To Acquire Arkansas Sawmill From The Price Companies
Interfor Corporation recently announced that it has reached an agreement with The Price Companies, Inc. to acquire Price’s sawmill in Monticello, Arkansas. The Monticello Sawmill is located in Southern Arkansas, approximately 90 miles southeast of Little Rock.
For the last 12 months ended March 31, 2015, the Monticello Sawmill produced approximately 75 million board feet of lumber. In addition, the mill has a number of operational and capital investment initiatives underway, including the construction of a continuous dry kiln that is expected to be completed in the third quarter of 2015. These initiatives should increase the mill’s near-term production to more than 100 million board feet per year and provide for drying capacity of approximately 150 million board feet per year.
As a result of this transaction, Interfor’s total annual lumber capacity will increase to 3.2 billion board feet, reinforcing its position as the fastest growing lumber company in the world. The Company’s lumber capacity in the US Southeast will total 1.3 billion board feet, representing more than 40% of the Company’s total pro forma capacity.
“This transaction is another illustration of our strategy to grow in regions with strong timber baskets and access to important lumber markets,” said Duncan Davies, Interfor’s President and CEO. “The Monticello Sawmill fits these criteria, as well as having significant upside from initiatives that are underway and on the drawing board.”
The purchase price parameters are consistent with Interfor’s recent acquisitions in the US South. The transaction is expected to be accretive to Interfor’s results immediately on closing.
RELATED ARTICLES
Interfor Purchases Four Sawmills From GP
Interfor Is Purchasing WestRock Summerville Sawmill
Interfor Lays Off Gilchrist Staff
Latest News
Evergreen Adds Seattle Office
Evergreen Engineering, Inc., is adding a location in the Seattle, Wash. area. “We wanted to better serve our major wood products and pulp & paper clients in Washington state,” comments Evergreen Business Development Director Aaron…
Element5 Plans Second CLT Plant
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Tembec founder Frank Dottori appears to be fronting the establishment of Ontario’s first cross-laminated timber (CLT) plant in St. Thomas, Ontario. The Ontario government announced a contribution of close to $5…
Hardwood Lumbermen Aren’t As Upbeat
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); A survey conducted in Timber Processing in April 2019 revealed, not surprisingly, that confidence has declined among U.S. hardwood lumbermen compared to a similar survey a year ago. Over half of…
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.