Sun Mountain Lumber To Buy R-Y Timber
According to multiple local news outlets, Sun Mountain Lumber has signed a purchase agreement with R-Y Timber. The two lumber mills are 146 miles from each other. Terms of the deal have not been disclosed. Sun Mountain Lumber is owned by Sherm Anderson. While his grandson, Christopher Anderson, is the controller of the company.
After a transition period of due diligence, the acquisition will be finalized on August 1, R-Y Timber General Manager Dan Richards told local news. He will remain as general manager of R-Y Timber. R-Y Timber currently employs 48 people, down from 75-80 more than a year ago.
R-Y Timber suffered two structural fires in a span of six months that threatened to close the lumber manufacturing plant. In September 2022, a fire at the plant burned the company’s planer mill building and machinery. In February, a second major fire burned the plant’s sawmill building and operations.
“Out of respect for the Yanke family, the Livingston plant’s name would remain R-Y Timber for a while,” says Sun Mountain Lumber owner Sherm Anderson. He has plans for many improvements to be made at the Livingston facility.
“There will be significant log hauling advantages, as the mileage from logging sites to mills will be reduced,” Anderson told local media. “The Livingston mill will provide quality lumber for Sun Mountain’s finger joint facility in Deer Lodge at reduced mileage and expense. I also see it as a fantastic opportunity to make improvements in the Livingston mill and increase quality, recovery and production. It’s definitely a win-win for both plants.”
Latest News
Timberlab Opens Glulam Facility
Timberlab, a nationwide provider of mass timber systems, is opening its second glued laminated timber fabrication facility in Greenville, SC. Timberlab’s goal is to provide the Eastern U.S. with a more regional platform for a sustainable, low-carbon building material and accelerate the mainstream adoption of mass timber construction to benefit the planet and its people…
Housing Starts Come On Like Gangbusters
U.S. housing starts, both single-family and multi-family, came in hot in May at a combined seasonally adjusted rate of 1.631 million, a 21.7% increase above April. Single-family starts in May were at a rate of 997,000 an 18.5% increase over April, and multi-family was 624,000, an increase of 28% over April, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development…
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.