Companies in the timber industry / Daily News / Global Trends / Market Analysis / Forestry / Lumber / Sawmilling / Wood Products / Global / North America
February 11, 2021
Interfor continues expansion in US South
Lumber giant Interfor Corp. is buying a sawmill in South Carolina from WestRock Co. for US$59 million in cash. The news comes as North American lumber prices set new record highs, less than a week after Interfor CEO Ian Fillinger signalled on an earnings call that the cash-rich company is on the hunt for lumber mill acquisitions. Interfor says the mill it's buying produced about 125 million board feet of lumber in 2020 but has a permit to expand to about 200 million board feet per year.   ...
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