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Alabama’s Westervelt Co. Announces New SYP Sawmill

The Westervelt Co. on Tuesday announced the construction of a new lumber mill in Thomasville that will create 125 jobs. The Tuscaloosa-based company said in a news release that the Thomasville facility will produce around 250 million board feet of Southern yellow pine...

Canfor To Acquire South Carolina’s Elliott Sawmilling Co.

Canadian wood product leader Canfor Corp. has purchased South Carolina-based Elliott Sawmilling Co. for $110 million. The purchase price represents a 4.3 times earnings before interest, tax, depreciation, and amortization (EBITDA) multiple based on Elliott’s...

Georgia-Pacific Announces New $150 Million Georgia Sawmill

Georgia-Pacific announced plans on Tuesday to build a new regional lumber production facility at the Albany-Dougherty Industrial Park in east Albany on U.S. Highway 82. Construction on the $150 million, 320,000-square-foot, technologically advanced plant is targeted...