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
Newsmakers 2016: DR Johnson Lumber Company
DR Johnson Lumber Co., based in the small Oregon town of Riddle, is poised at the forefront of what could be a revolutionary use of wood as a building material in the Northwest. Don R.…
Good Stories From Here To There
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Article by Rich Donnell, Editor-In-Chief, Timber Processing, March 2016 We really like the two sawmill features that appear in this issue because they are distinctly different (and about 2,000 miles from…
USDA Sets Dates For Softwood Check-Off Program Referendum
The U.S. Department of Agriculture’s (USDA) Agricultural Marketing Service (AMS) announced today that a continuance referendum will be conducted among eligible domestic (U.S.) manufacturers and importers of softwood lumber from August 1 through Aug. 25,…
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.