New York’s Baillie Lumber Co. Acquires J.T. Shannon Lumber Division, Sawmill
J.T. Shannon Lumber completed a going concern sale of its Superior Hardwoods division, including its state-of-the-art sawmill located in Montezuma, IN, to Hamburg, NY-based Baillie Lumber. Equity Partners HG and Bengur Bryan, both Maryland-based investment bankers, served as intermediaries for the seller.
J.T. Shannon Lumber is a manufacturer of precision cut hardwood lumber with revenue of approximately $85 million annually. The company operated three related businesses: A sawmill/lumber manufacturing business, lumber concentration yards and an engineered wood flooring manufacturing business. After the sale of the Montezuma sawmill, the company’s remaining operations will be located predominately in Horn Lake, MS, just outside of Memphis. J.T. Shannon has an international sales office in Shanghai, China and sales agents in Europe and Mexico.
Superior Hardwoods is located on a 60-acre site and produces in excess of 27 million board feet of lumber per year. Due to the favorable growing conditions in the immediate area, the sawmill is able to get a very high percentage of FAS grade lumber.
In mid-October 2016, J.T. Shannon retained Equity Partners HG and Bengur Bryan as the exclusive brokers for the company. Having recently added significant kiln capacity in Horn Lake and successfully transitioned its flooring business from solid hardwood to engineered hardwood, J. T. Shannon wanted to explore its options to find working capital to further grow those businesses.
“Baillie is excited to carry on the long, rich history of producing high-quality hardwoods at the Superior sawmill. We look forward to working with the employees at Superior in continuing to serve the customer base that they have built so successfully over the years,” Baillie CEO Jeff Meyer said.
From ABFJournal.com: abfjournal.com.
Latest News
Wood Fiber Group Merges With USNR
USNR and Wood Fiber Group have announced their merger. USNR is an industry-leading global supplier of sawmill and plywood mill machinery, aftermarket parts, and technical and engineering services. Wood Fiber Group is the largest supplier of cutting tools and filing room equipment to the wood products…
Industry Patriarch Varn Passes
George W. Varn, Sr., who broke into the family turpentine business following World War II, and then along with a cousin built a chip mill and a sawmill in the late 1960s in Hoboken, Ga., called Varn Wood Products, and who became one of the patriarchs of the southern pine lumber industry, died September 4 in St. Vincent’s Hospital in Jacksonville, Fla., the same hospital…
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…
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.