Teal Jones mill officially acquired by Sumitomo Forestry
- By LFA
- Jul 3
- 2 min read
Sumitomo Forestry Co. officially announced it has acquired 100 percent of interests in the Teal Jones Louisiana Holdings through its Sumitomo Forestry America Inc., a wholly owned subsidiary.
"With these acquisitions, we will begin the launch of our first timber industrial complex*1 in the US. In addition to dimension lumber*2 and other materials to build houses and multi-family residential buildings in Louisiana, this complex will consider manufacturing mass timber*3 to maximize the value of wood through the cascading utilization of logs where nothing goes to waste. Harnessing the synergy effect with our existing US operations in residential property development, real estate development and FITP,*4 we are aiming to further grow our businesses in the US," according to a press release.
"Utilizing approximately 100 hectares of vast land and plant in Plain Dealings, Louisiana, TJPD manufactures dimension lumber (structural lumber) and other materials used to build houses. Every year, the plant receives delivery of approximately 1 million m3 of logs and manufactures 500,000 m3 of dimension lumber and other materials, equivalent to about 14,000 standard US homes.*5 In addition to outside purchasers, TJPD plans to supply product to our group operations, such as our FITP operations and our residential property and real estate development operations. Furthermore, we plan to utilize the approximate 40 hectares of unused land on the site to manufacture and sell mass timber and wood products in preparation for future increased demand. We are also considering processing wood chips and lumber residue generated from the manufacturing process into biomass power generation fuel, biorefineries and other. With the launch of a timber industrial complex in the US, we are seeking to maximize the value of wood through the cascading utilization of wood."
The mill's sales region includes the Dallas metro area, where Sumitomo is expanding its housing operations.
To read more about the acqusition, check out the Sumitomo Forestry website at the link below.
