Tuesday, May 21, 2013

INTERFOR TO ACQUIRE KEADLE LUMBER IN THOMASTON

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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