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May 21, 2020

Klausner Lumber One to be sold in 90 days; valued at US$ 140 million

Klausner Lumber One to be sold in 90 days; valued at US$ 140 million
The Klausner Group's first US sawmill, Klausner Lumber One in Florida, is scheduled to be sold within 90 days.     This emerges from a court decision of May 14, which the American justice portal Law360 quotes on its website.    On May 14, a bankruptcy judge in Delaware granted the Klausner Group preliminary approval to receive funding from an affiliate. The Florida sawmill currently has no water, sewage, or electricity connections. Insurance coverage is also lacking, Law360 reports.    According to Law360, Klausner Lumber One led to approximately $ 100 million ...

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