Interfor Completes Acquisition of Keadle Lumber

Posted by Karen Koenig | Posted: 07/01/2013 10:51AM

 

VANCOUVER, BC- International Forest Products Ltd. (Interfor) has completed its acquisition of Keadle Lumber Enterprises' sawmill operations. Finalizing of the $45 million transaction was announced July 1.

The $45 million includes capital expenditures for additional kilns, which will bring the Thomaston, GA-based Keadle's operating capacity to more than 160 million board feet. The Keadle mill currently operates one shift.

"This acquisition is part of Interfor's strategy to grow our presence in the U.S. Southeast and reinforces our position as one of the world's largest and most diverse lumber companies," Interfor President and CEO Duncan Davies said in a statement. "Keadle's 75 employees have joined Interfor, and will work with us as we continue to build value for our customers, shareholders and other stakeholders."

This is the second U.S. acquisition this year by the Vancouver-based Interfor. Combined with the Rayonier mills purchased in March, Interfor said it will have total annual lumber capacity of more than 520 million board feet in the Southeast, almost a quarter of the company's total capacity.

Interfor has an annual capacity of more than 2.2 billion board feet. A global supplier of lumber and dimension stock, its species include: Douglas fir, white fir, southern yellow pine, hemlock and western red cedar.

 

About the Author

Karen M. Koenig

Karen M. Koenig has more than 25 years of experience in the woodworking industry, including visits to wood products manufacturing facilities throughout North America, Europe and Asia. As Editor-in-Chief of Woodworking Network magazine (formerly Wood & Wood Products), Karen’s primary responsibilities include spearheading the writing, editing and coordinating of the editorial content of the publication, along with the Red Book resource guide and the Red Book online source and supply directory (RedBookOnline.com). She is also a frequent contributor to other Woodworking Network online and print media. She can be reached at kkoenig@woodworkingnetwork.com or Google+.

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