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
Arxada Teams With ICONX
Arxada and ICONX Chemicals, in partnership with service provider Zee Water & Energy, announced a new distribution partnership for AntiBlu and Mycostat products in the Eastern half of the U.S. Arxada’s antisapstain chemicals, including anti-mold and anti-fungals, brighteners, and defoamers, bring cleaner and brighter wood to the marketplace and protect the value of…
Greentree Upgrades Primary Breakdown
Cleereman Industries/Cleereman Controls in cooperation with RTM Industrial Maintenance LLC recently carried out an extensive project at Greentree Forest Products, owned by Greg Wells, in Wallingford, Ky. The RTM crew removed the old carriage line that Greentree had run for 27 years, an LP-42 Cleereman carriage, and replaced it with a new one. Wells decided that as long as he was…
Georgia-Pacific Contributes To Atlanta CLT Project
Georgia-Pacific is partnering with Jamestown, SmartLam North America and the Georgia Forestry Foundation to support construction of the first Georgia-grown mass timber project, 619 Ponce. Delivery of the first beams arrived at Ponce City Market in Atlanta where vertical construction began on the four-story mass timber loft office building…
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.