Interfor to Acquire Summerville South Carolina Sawmill from WestRock Company

Interfor Corporation announced on Tuesday (2-9-21), that they had reached an agreement to acquire WestRock Company’s, Summerville South Carolina sawmill facility for $59 million (USD). In 2020, the Summerville Mill produced approximately 125 million board feet of lumber. A new permit was received in 2020 that allows for the production of up to approximately 200 million board feet of lumber per year and Interfor has identified a number of operational and capital investment initiatives to optimize and increase production going forward. The Summerville Mill is located 65 miles southwest of Interfor’s Georgetown, South Carolina mill and 115 miles northeast of Interfor’s Meldrim, Georgia mill. This strategic positioning will allow for log sort optimization and procurement synergies across these three mills. As part of the transaction, Interfor will also enter into a long-term chip and biomass supply agreement with WestRock’s Charleston, South Carolina paper mill. With the completion of the sale, which is anticipated to close in Q1 of 2021, Interfor’s total annual lumber production capacity will increase to 3.2 billion board feet, of which 1.7 billion board feet or 55% of the pro forma capacity will be located in the US South.