UK’s James Jones Buys GT Timber
UK’s James Jones & Sons Ltd. has acquired GT Timber Ltd., the parent company of Taylormade Timber Products Ltd. and Kerr Timber Products Ltd., which operate sawmills at Sherburn Hill, Durham and Annan.
The acquisition will increase James Jones & Sons annual sawn output to 800,000 m3 (339MMBF), consolidating its position as the UK’s largest privately owned sawmill, timber engineering and pallet manufacturing company.
“We are delighted to have concluded this transaction and are really pleased that the existing management team are staying on within the enlarged group to provide continuity, facilitate the integration and to help realize our long-term strategic plans,” comments Tom Bruce-Jones, Chairman of James Jones & Sons Ltd. “The sawn output from these mills will complement our portfolio and will allow us to offer increased product opportunities for our existing, and newly expanded, customer base.”
“On behalf of our shareholders and employees, I am very pleased that GT Timber Ltd. will become part of the James Jones Group,” says Jilly Wentworth, Managing Director of GT Timber Ltd. “Their extensive timber industry experience and financial strength will allow the investment program that we have already started to reach a successful conclusion. The sale process was completed quickly and smoothly, reinforcing our long-held views that James Jones & Sons is a family company who shares the same values, ethos and philosophy. We are very excited about the future.”
The combined group will now operate eight sawlines, and employ 1,225. The Group’s Timber Systems Div. manufactures JJI-Joists from its operation at Forres and has the capacity to supply engineered floors for 200,000 new house builds per year. The Pallet and Packaging Div. has 16 sites located across the UK.
Latest News
Oregon Truckers File Suit Against State
Rob Freres, president of Oregon-based Freres Engineered Wood, a manufacturer of lumber, veneer, plywood and mass timber, has thrown in his support for a lawsuit filed by the Oregon Trucking Assn. and three Oregon-based trucking companies against the state of Oregon for overcharging truckers under the weight-mile tax.
Hasslacher Enters North America
Austria-based Hasslacher group is acquiring a stake in Element5, a mass timber producer specializing in the design, manufacture and assembly of modern engineered timber buildings. Based near Toronto, Can., Element5 employs more than 100 and produces cross-laminated timber and glued laminated timber for the North American market.
Hampton Lumber Purchases Rebuilt
Atlas Holdings has entered into an agreement to sell RedBuilt, LLC to Hampton Lumber Mills, Inc. Atlas formed RedBuilt with the acquisition of the commercial division of Trus Joist from Weyerhaeuser Co. in 2009. Over the next 14 years, the company became an industry leader in the engineering, design and manufacturing of proprietary wood-based structural solutions serving the low-rise commercial construction market. The transaction is anticipated to close in the first quarter of 2024.
Peak NA, Fehr Purchase RPM
Registration is now available for the 2024 Western Wood Producers Assn. (WWPA) Annual Meeting. The meeting will be held at the Hotel Indigo in Vancouver, Wash., April 14-16. To register for the event visit, https://www.wwpa.org/about-wwpa/annual-meeting. To take advantage of the group rate, visit the Hotel Indigo website, and use group code WWP. The deadline for the group rate is March 14, or until the room block is sold out…
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.