Search Results for: acquisition

Late last week Associated Kiln Driers Softwoods (AKD) officially took ownership of the Yarram Sawmill after finalising the purchase with Carter Holt Harvey Woodproducts earlier this month. Regular operations of the mill will resume from Monday 25th March, with all 60 existing employees offered ongoing employment. The Yarram Sawmill processes approximately 150,000 cubic meters of[…]

Sveza has completed the acquisition of the Tyumen Plywood Mill group. The deal was approved by the Russian Federal Anti-Monopoly Service (FAS). The Tyumen Plywood Mill is one of the most modern wood-processing and plywood production enterprises in Russia. The mill produces about 92 thousand cubic meters of plywood every year. Its main production facilities[…]

CatchMark Timber Trust, Inc. (NYSE: CTT) announced this month an agreement to acquire 14,923 acres of prime timberlands near the southeast coast of Georgia for $43.3 million, excluding closing costs. The to-be-acquired timberlands in Long and McIntosh counties, the Coastal Georgia Acquisition, will expand CatchMark’s positioning in one of the most competitive wood baskets of[…]

Kadant Inc. completes acquisition of the forest products business of NII FPG Company, a global leader in the design and manufacture of equipment used by sawmills, veneer mills, and other manufacturers in the forest products industry, for approximately $173 million, net of cash acquired, subject to a post-closing adjustment. The transaction was financed through borrowings[…]

Highlights Argento has acquired 100% of the share capital of WoodBois, a leading global trader and producer of sawn timber, for $14.6m over 3 tranches including c$4m equity Gabon Forestry concession actually 96,851 hectares (vs. 41,278ha initially estimated) Potential annual harvest of over 9 million m³ identified by third party inventory assessor Sawmill capacity of[…]

The news the sawmilling fraternity was waiting on has arrived, with major North American sawmill supplier USNR swooping in to snatch up fellow supplier Coe Newnes McGehee (CNM) for an undisclosed sum. The only stakeholders more pleased by the result than CNM’s customers would be the CNM employees and the community at the company’s Salmon[…]

Hughes Pacific, a (owned by the Hughes Family Trust of Washington State, USA) is an innovator in sustainable forestry and LiDAR carbon offset project development solutions, has announced a significant expansion of its operations in Canada. The company has successfully acquired mature timberlands in Alberta and British Columbia and unveiled plans to acquire up to[…]

On October 28, 2022, SCA and Holmen communicated that the companies intended to carry out a feasibility study for a jointly owned sawmill in Rundvik, Västerbotten County in Sweden. SCA and Holmen have now conducted the feasibility study regarding a jointly owned sawmill. The study shows that the conditions to jointly create a large-scale and[…]

TNT Wholesalers, a wholesale distributor of lumber and plywood goods is pleased to announce the acquisition of Sierra Forest Products in Terra Bella, California, by Sierra Forest Products Holdings, Inc, a sister entity. TNT Wholesalers was founded by Dave Thomas and soon partnered with lumber industry veteran, Greg Mitchell. Through their business and industry experience[…]

Wood Technologies International (“Wood Technologies” or “the Company”), a comprehensive supplier of modern lumber processing equipment, technology, and essential tooling, has announced President Dale Brown has been appointed CEO of the Company, effective June 30, 2023. Outgoing CEO Craig Tompkins will serve as a Strategic Advisor to the Board of Directors of Wood Technologies to[…]