COUSHATTA, LA – Idaho Timber has acquired and will reopen Hood Industries' shuttered sawmill in Coushatta, LA. The sawmill will begin producing by the third quarter, milling dimension lumber and other timber products from southern yellow pine.
Idaho Timber CEO Ted Ellis said he expects the sawmill in Coushatta to open later this year, creating 90 new jobs. The site closed in 2008 as a result of the recession, and Idaho Timber LLC recently purchased the facility from Hood Industries, which acquired it in the 1980's.
Boise-based Idaho Timber, which operates as a subsidiary of investment bankers Leucadia National Corp., plans a $3.5 million capital investment to refurbish and reopen the mill by the third quarter of 2013. Hiring will be completed when the mill comes online.
Ellis said the acquisition of the sawmill in Coushatta was influenced by the flexibility of the facility’s manufacturing capability, the knowledgeable workforce in the surrounding area, "and an adequate timber supply. Combine these factors with our strategic desire to grow our company within the Southern producing region of the United States, and Coushatta became a great opportunity to accomplish our objective.”
Idaho Timber also has three production facilities in Idaho and additional production in Texas, New Mexico, Arkansas, North Carolina, Florida and at other Louisiana sites. It produces lumber from ponderosa pine, douglas fir, white fir, spruce, southern yellow pine and cedar.
Negotiations began with the State of Louisiana in October 2012 as Idaho Timber sought additional capacity to supply the turnaround of the housing industry. Louisiana offered support of the state's FastStart workforce development program; and Idaho Timber will receive support from Louisiana’s Industrial Tax Exemption and Quality Jobs programs.
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