ACCODING TO A PRESS RELEASE FROM INTERNATIONAL FOREST PRODUCTS LIMITED IN VANCOUVER, BRITISH COLUMBIA, THE COMPANY HAS REACHED AGREEMENT IN PRINCIPAL TO ACQUIRE THE ASSET5 OF KEADLE LUMBER ENTERPRISES INC. OF UPSON COUNTY.
THE KEADLE MILL IS LOCATED 75 MILES WEST OF INTERFOR’S RECENTLY ACQUIRED MILL AT EATONTON, GA. AND IS PART OF THE FIRM’S STRATEGY TO GROW ITS PRESENCE IN THE U.S. SOUTHEAST.
THE TRANSACTION IS EXPECTED TO CLOSE PRIOR TO THE END OF THE SECOND QUARTER.
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