International Forest Products To Acquire Tolleson Ilim Lumber
Canada’s International Forest Products Ltd. agreed Sunday to acquire Tolleson Ilim Lumber Co. from Russia’s Ilim Timber Continental SA for $180 million, including working capital, in a deal that would make it one of the five largest lumber producers in North America based on production capacity.
Tolleson operates two sawmills in Perry and Preston, Ga., in the U.S. southeast with combined annual lumber capacity of more than 400 million board feet, complementing International Forest’s operations in nearby Thomaston and Eatonton, Ga.
International Forest, or Interfor, said the transaction will allow it to increase by almost 20% its annual lumber production capacity to 2.6 billion board feet ranking it among the top-five lumber companies in North America, while providing it a platform for future growth and annual cost savings and efficiencies of more than $5 million. Vancouver-based Interfor is ranked about eighth among North American lumber producers based on production capacity.
Following the acquisition, Interfor’s operations in the U.S. southeast will represent about 35% of its production capacity.
“This transaction represents a significant step for Interfor,” Duncan Davies, Interfor’s chief executive, said in a release. “The Tolleson mills are a great fit with our operations in the U.S. southeast and provide a larger footprint on which to build our presence in the region.”
From The Wall Street Journal: online.wsj.com
Latest News
Interfor To Acquire Arkansas Sawmill From The Price Companies
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); 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…
Welcome To The Anything-Can-Happen Southern Pine Industry
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Article by Rich Donnell, Editor-In-Chief, Timber Processing May 2015 Does it seem like a lot has happened in the southern pine sawmill industry since the SFPA Expo was held June 5-7,…
Simpson Lumber Company Announces Washington Mill Closures
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Simpson Lumber Company LLC delivered a blow to the city of Shelton, announcing that the company will close two mills, which will result in about 270 jobs lost. The closures are…
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.