Tolko and Southeastern Timber Products announce joint venture partnership
Nov. 7, 2018 – Vernon, B.C.-based Tolko Industries and Southeastern Timber Products (STP) have announced a 50-50 joint-venture partnership in an Ackerman, Miss. sawmill. The mill, now known as Southeastern Timber Products LLC, employs 150 people.
“We’re pleased to have found a partner like STP that we share the same family-owned business values with,” said Tolko CEO Brad Thorlakson. “We look forward to the opportunity to invest in this, our second asset in the U.S., to support the future growth of our company. We’re pleased to support this facility and enhance its sales, marketing and logistic capabilities to service our customers across North America and abroad.”
“We couldn’t be more excited to be partnering with Tolko,” said STP Manager Billy VanDevender. “Tolko has a long family history in the lumber manufacturing business and a proven ability to excel in our industry. We are thrilled about our partnership. We look forward to working with Tolko, the local economic community and the State of Mississippi to support further investment in our facility to expand capacity from our current 100MMFBM to 300MMFBM.”