Haliburton Forest acquires Thomas J. Neuman
August 30, 2022 By Haliburton Forest & Wild Life Reserve
Haliburton Forest & Wild Life Reserve has announced the acquisition of Thomas J. Neuman Limited, a hardwood sawmill in Palmer Rapids, Ontario.
Going forward, the business will operate as Neuman Forest Products (NFP). Located on the shores of the Madawaska River, NFP has been in the lumber business since 1950. It traditionally processes a mix of hardwoods and pine.
NFP has annual production capacity of 10 million fbm and procures sawlogs from contractors working throughout central Ontario. Haliburton Forest is a sustainable multi-use private land stewardship company, which owns and manages over 250,000 acres of timberland across Ontario. The company operates a diverse Tourism and Recreation division on its properties, as well as a Forest Products division focused on hardwood lumber and sustainable forest management. Haliburton Forest was the first company in Canada to be certified to the rigorous standards of the Forest Stewardship Council.
“My colleagues and I are honoured to be entrusted with the future success of Neuman Forest Products,” said Malcolm Cockwell, managing director of Haliburton Forest. “This opportunity aligns with our commitment to sustainable forest management and growing our hardwood lumber capacity in Ontario.”
“After 75 years of my family owning and operating this sawmill, I am happy to see Haliburton Forest becoming my successor,” said Darwyn Neuman, president of Thomas J. Neuman Limited.
“I would like to thank all of my employees, customers, and suppliers for their suppor,” Neuman added.
The transaction is scheduled to close on August 31. No material changes are currently planned with respect to contractors, employees, suppliers, customers, and neighbours.
Darwyn Neuman, NFP, and Haliburton Forest will continue to work collaboratively over the coming weeks to ensure a smooth transition for all stakeholders.
NFP is the fourth facility to join the group of hardwood sawmills operated by Haliburton Forest, complementing existing facilities in Haliburton, Huntsville, and South River. With the addition of NFP, the group now has annual production capacity of over 50 million fbm.
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