Binderholz Wins Klausner Sawmill
Austria-based Binder Beteiligungs AG submitted the winning bid at auction for the Klausner Lumber One LLC sawmill in Live Oak, Fla.
Binder out-bid Austria-based Mayr-Melnhof Holz and Vancouver-headquartered Mercer International. In the preliminary (Stalking Horse) round of bidding, Mercer had bid $26 million and Binder subsequently increased it to $30 million. But the winning bid tally by Binder (acting through Timber One Acquisition Holdings LLC) reached $61 million plus liabilities, while Mayr-Melnhof was the backup bidder. The bankruptcy court is expected to approve the sale at a hearing on August 31.
The Florida sawmill, which started up in 2015 with 350MMBF of annual production capacity, has basically stumbled through the ensuing years, and earlier this year its ownership filed for Chapter 11 bankruptcy. Foundation problems and labor issues apparently plagued the sawmill from the outset.
Family-owned Binder of Fügen, Austria operates in 12 locations in Austria, Germany and Finland producing lumber, CLT and laminated beams. Binder has continued to expand its CLT production capacity in Germany and Austria and there’s some speculation whether Binder will bring CLT manufacturing to the Florida sawmill site.
Another Klausner operation, Klausner Lumber Two sawmill in Enfield, NC, has also filed for bankruptcy. It reportedly never reached production.
Mercer, known more for its pulp mill manufacturing, purchased a Klausner sawmill in Germany back in 2017.
RELATED ARTICLES
Binderholz Wins Auction For Klausner Two
Latest News
Hampton Lumber Names Schillinger New CEO
Hampton Lumber has announced that Randy Schillinger will join Hampton Lumber & Family Forests as its new CEO, effective June 26, 2023, taking over for Steve Zika who has served as CEO of Hampton since 2003 and announced his retirement earlier this year. Schillinger has over 25 years of experience in the Pacific Northwest wood products industry. He began his career with…
Combilift Launches New Product At Ligna
As leading forklift manufacturer Combilift continues its 25 years in business celebrations with the launch of another new model truck, this time at Ligna, the international timber and woodworking show, held in Hanover. The new Combi-CB70E is a further addition to Combilift’s ever growing range of electric models which offers powerful performance, extensive…
Housing Starts Increase In April
Housing starts across the U.S. increased in April 2.2% to 1.4 million according the U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Residential Construction report released May 17. Notably, this is 22.3% lower than April 2022’s 1.8 million. Single-family home construction increased 1.6% to its highest level so far in 2023. Starts of apartment…
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.