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Good Earth Power AZ through its operating entity, NewLife Forest Products, has acquired a 425,000-sq. ft. industrial manufacturing facility in Bellemont, Az., which they are converting into a 35-acre sawmill.
Employing about 200 at full capacity, the mill is targeting a March start-up. It will produce 120 million bd. ft. of lumber annually, plus engineered wood products. It will substantially increase the regional log processing capacity needed to restore the health of 2.4 million acres of wildfire-susceptible forest land in collaboration with the U.S. Forest Service under the Four Forest Restoration Initiative.
The facility will house a sawmill, planer mill, dry kilns and EWP lines, plus room for warehousing and staging high-value products. A rail spur will be added.
Good Earth Power AZ and NewLife Forest Products are backed by private equity firm Lateral Investment Management, San Mateo, Ca.