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
GP To Build New Sawmill At Pineland
Georgia-Pacific plans to invest $120 million and build a new sawmill at its existing sawmill site in Pineland, Tex. Construction is expected to begin early next year and completed in late 2022. The new sawmill will replace the existing stud mill that was built in the 1960s. The new mill will have the ability to produce 450MMBF of…
West Fraser Buying New SYP Sawmill
West Fraser Timber Co. Ltd. has entered into an agreement to acquire the Angelina Forest Products (AFP) southern yellow pine sawmill in Lufkin, Tex. for $300 million (U.S.). The new sawmill began construction in 2018, commenced operations in late 2019 and is expected to progress toward full production capacity of more than…
WKO Acquires SDS Lumber
SDS Lumber, including its sawmill and plywood mill at Bigen, Wash., is part of an acquisition involving three purchasing entities. Seattle-based Twin Creeks Timber, LLC, The Conservation Fund, and Carson, Wash.-based Wilkins, Kaiser & Olsen, Inc. (WKO) are acquiring SDS Lumber and Timber Companies…
SLB, USDA Enhance Collaboration
Softwood Lumber Board (SLB) announced the signing of a Memorandum of Understanding (MOU) that builds upon the existing collaborative relationship between the SLB and the U.S. Dept. of Agriculture (USDA). SLB and USDA expand a public-private partnership that seeks to grow demand for wood products…
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.