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Resolute completes acquisition of three U.S. sawmills

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Resolute completes acquisition of three U.S. sawmills

February 24, 2020 - 13:10
Posted in:
Resolute Forest Products Inc. completed the previously disclosed acquisition of Conifex Timber Inc.'s three sawmills in the U.S. South.

The three sawmills, with combined production capacity of 550 million board feet, are located in Cross City (Florida), and Glenwood and El Dorado (Arkansas). The facilities produce construction-grade dimensional lumber and decking products from locally-sourced southern yellow pine for distribution within the United States.

"We are pleased to welcome the new employees to Resolute," stated Yves Laflamme, president and chief executive officer. "The acquisition of the U.S. sawmills is the right move, at the right time, for Resolute; it will give us immediate scale in an attractive region, with quality assets in a rich fiber basket, close to growing end-markets."

This transaction diversifies the company's lumber production: when operating to capacity, almost 25% of Resolute's production will be in the U.S. South.