Interfor acquires Keadle Lumber
July 1, 2013, Vancouver, B.C. – International Forest Products Limited (Interfor) has completed the acquisition of the sawmill operations from Keadle Lumber Enterprises, Inc. of Thomaston, Georgia.
The Keadle mill currently operates on one shift. Over the course of the next year, Interfor plans to invest in additional kilns that will increase the mill's operating capacity to more than 160 million board feet. The total investment including the acquisition cost and capital for the additional kilns is approximately $47 million, excluding working capital.
When combined with the Rayonier mills purchased earlier this year, Interfor will have total annual lumber capacity of more than 520 million board feet in the U.S. Southeast, representing approximately 23 per cent of the Company's total capacity.