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
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…
FS ‘Reassessment’ Runs Fire Risk
Article by Dan Shell, Senior Editor, Timber Processing October 2021 – Perhaps it was the 20-year lifespan of the contract, or maybe it was yet another fire season that scorched half a million acres in the state: What if we can’t deliver the timber that we promise? What if there are court cases…
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…
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.