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Interfor Corp., Vancouver, B.C., has agreed to acquire WestRock Co.’s sawmill located in Summerville, S.C., for $59 million.
Last year, the mill produced 125 million bd. ft. of lumber. A new permit was received in 2020 that allows for the production of up to approximately 200 million bd. ft. of lumber per year and Interfor has identified a number of operational and capital investment initiatives to optimize and increase production going forward.
The facility is located 65 miles southwest of Interfor’s Georgetown, S.C., mill and 115 miles northeast of its Meldrim, Ga., mill. This strategic positioning will allow for log sort optimization and procurement synergies across all three mills.
As part of the deal, Interfor will enter into a long-term chip and biomass supply agreement with WestRock’s Charleston, S.C., paper mill.
With the purchase set to close in first quarter 2021, Interfor’s total annual lumber production capacity will increase to 3.2 billion bd. ft.—55% of it in the U.S. South.