Interfor Acquires Simpson Lumber Sawmills In U.S. Southeast, Pacific Northwest
Interfor announced that it has reached agreement with Simpson Lumber Company, LLC to acquire Simpson’s sawmill operations in Meldrim, GA, Georgetown, SC, Longview, WA and Commencement Bay, WA. The Sawmill Operations are located within geographic proximity of Interfor’s sawmills in both the US Southeast and Pacific Northwest and will fit within the Company’s existing operating infrastructure.
The Sawmill Operations have a combined annual lumber capacity of 750 million board feet and are expected to produce 555 million board feet in 2014. As a result of this transaction, Interfor’s total capacity will increase by 30% to 3.1 billion board feet, reinforcing its position as the fastest growing lumber company in the world.
The Company’s lumber capacity in the US Southeast and Pacific Northwest will total 1.2 billion board feet and 900 million board feet, respectively, representing 67% of the Company’s total pro forma capacity.
For the nine months ended September 30, 2014, the Meldrim, Georgetown and Longview sawmills generated combined EBITDA of US $16 million. In addition, these sawmills have significant upside potential from capital projects that are currently underway as well as from other operational initiatives.
RELATED ARTICLES
Interfor Purchases Four Sawmills From GP
Interfor Is Purchasing WestRock Summerville Sawmill
Interfor Lays Off Gilchrist Staff
Latest News
BID Group Starts Apprenticeship Program
In a significant development for the local community, BID Group has collaborated with the Dept. of Labor and Apprenticeship Carolina to launch a groundbreaking apprenticeship program in its Fabrication Shop. The program provides valuable opportunities for aspiring professionals in the manufacturing sector…
U.S. Housing Starts Fall While Building Permits Rise
U.S. housing starts fell in August from July, at a seasonally adjusted rate of 1.283 million, down 11.3%. Single-family starts were at a rate of 941,000, 4.3% below July, while multi-family starts were the primary culprit at 334,000, down 26.3%, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly new residential construction report…
Canfor Puts ‘Stock’ In New BC Facility
Vancouver, BC-based Canfor Corp. is investing $200 million to build a new state-of-the-art manufacturing facility in Houston, British Columbia, which will have an annual production capacity of 350MMBF. “I’m very pleased to be making this announcement in British Columbia, where Canfor has been proudly headquartered for 85 years,” comments Don Kayne, President and CEO. “This decision comes following…
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.