The Monticello Sawmill produced 75 million bd. ft. of lumber over the last 12 months, but upgrades now in the works, including the addition of a continuous dry kiln by the fall, should increase the facility’s annual production capacity to more than 100 million ft. and drying capacity to 150 million bd. ft.

 

The deal, set to close this month for $29.255 million plus closing log and lumber inventories, will increase Interfor’s total annual lumber capacity to 3.2 billion bd. ft., including 1.3 billion in the Southeast.

 

“This transaction is another illustration of our strategy to grow in regions with strong timber baskets and access to important lumber markets,” said Duncan Davies, Interfor president and CEO. “The Monticello Sawmill fits these criteria, as well as having significant upside from initiatives that are underway and on the drawing board.”