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Austria-based Binderholz Group purchased all assets of Klausner Lumber One LLC, Live Oak, Fl., during an Aug. 21 auction.
The company outbid Mercer Inc. and Mayr Melnhof Holz with its $61 million offer. The deal is set to close in early October.
Although Binderholz opened a U.S. sales office last year—Binderholz Timber Inc., Atlanta, Ga.—the southern yellow pine mill will be its first manufacturing operation outside of Europe.
“We see the American solid wood market as a strategic target and growth market for the Binderholz Group,” said CEO Reinhard Binder. “The purchase of our own production facility in what is by far the largest world market for solid wood was therefore the next logical step. We also want to further develop our successful business model in the USA.”
Production at the Florida site is scheduled to resume by the end of 2020 at the latest.