Interfor Completes Acquisition Of Rayonier’s Wood Products Business
International Forest Products Limited (Interfor) announced that it had completed the acquisition of Rayonier’s Wood Products Business in the U.S. South, as scheduled on March 1st. The acquisition includes three sawmills located in central Georgia with a combined annual capacity of 360 million board feet.
“The acquisition of Rayonier’s Wood Products Business is a significant strategic move for Interfor,” said Duncan Davies, Interfor’s President & CEO. “In addition to providing a footprint in the U.S. South the acquisition increases Interfor’s annual production capacity to more than 2 million board feet and broadens our product base to include Southern Yellow Pine.”
The transaction is expected to be accretive to both earnings and free cash flow from the outset.
“I would like to thank the people involved from both Rayonier and Interfor who worked so hard to complete this transaction in such a short period of time,” said Davies. “We are looking forward to working with Rayonier to build mutual value as we move ahead.”
RELATED ARTICLES
Interfor Purchases Four Sawmills From GP
Interfor Is Purchasing WestRock Summerville Sawmill
Interfor Lays Off Gilchrist Staff
Latest News
JD Irving Orders MiCROTEC CT Log
JD Irving, Ltd., a producer of maple, birch and poplar wood products, headquartered in Saint John, New Brunswick, Can., continues its commitment to sustainability and innovation with the purchase of a MiCROTEC CT Log for installation at its operation in St. Leonard, New Brunswick, Can. MiCROTEC’s CT Log computed tomography scanner will allow…
Conway CLT Plant Is Back On Track
Mercer International Inc. and its subsidiary Mercer Mass Timber, a manufacturer of timber building materials, completed the acquisition of Structurlam Mass Timber Corp. and its subsidiaries in mid-June. Mercer Mass Timber immediately takes possession and continues the operation of Structurlam’s manufacturing facilities, which will…
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…
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.