Conifex Timber, out of Vancouver, BC, announced Monday that it has completed the acquisition of the Suwannee sawmill in Cross City, Florida and the Caddo River sawmill in Glenwood Arkansas.

As a result of this acquisition, our total annual lumber production capacity has increased by approximately 50% to 1.1 billion board feet and our total annual production capacity in the U.S. South has increased by approximately 200% to 550 million board feet.

Blue Wolf Capital Partners, the private equity firm that previously owned the Suwannee and Caddo River samwills, stated that the two businesses are better positioned for growth and long-term success now that they have been acquired by Conifex.

Conifex Completes

The Conifex statement detailed, that as a result of this acquisition, the company’s total annual lumber production capacity has increased by approximately +50 per cent to 1.1 billion board feet and total annual production capacity in the U.S. South has increased by approximately +200 per cent to 550 million board feet.