Le Moyen Mill & Timber LLC, a wholly owned subsidiary of Adobe Machinery Group, revealed plans to acquire land in order to develop a wood products manufacturing facility in LeMoyen, La. Financial details of the transaction were not disclosed. Le Moyen Mill & Timber LLC intends to invest an additional $2 million for the development project.
Le Moyen Mill & Timber LLC was formed to acquire and operate the sawmill’s land, buildings and equipment. The company will repurpose the lumber mill previously operated by Bayou State Lumber Co. In addition, it will purchase both standing timber and cut logs, saw boards and timbers and then assemble timber and laminated mats at the facility, according to Louisiana Economic Development.
“We are very excited about the LeMoyen mill and facilities along with their core team of dedicated and talented personnel. The mill, with its production capacity and immense hardwood lumber storage, brings tremendous integration opportunities to our mat distribution company, American Mat & Timber,” Robert Latimer, CEO of Adobe Machinery Group, said in a prepared statement.
Located near U.S. 71 in northern St. Landry Parish, with access to the Union Pacific Railroad line, the facility features more than 190 acres with two rail spurs, more than 431,000 square feet of buildings including three sawmills, and another 200,000 square feet of covered storage. The company is expected to make use of the state’s Quality Job program.
“We welcome LeMoyen Mill & Timber to St. Landry Parish, and we appreciate the company’s interest in a manufacturing operation that will create 32 new direct jobs while retaining additional jobs. The timber industry has played a vital role in the Louisiana economy for generations – built on a renewable resource that extends through every region of our state. Opportunities for business success abound in Louisiana, making projects like this one in the Acadiana Region possible,” Governor John Bel Edwards said in prepared remarks.
From Commercial Property Executive: https://www.cpexecutive.com/post/new-wood-manufacturing-facility-to-open-in-louisiana/