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Jasper Forest Products, a joint venture formed by Tolko Industries Ltd. and B&T Forest Products, plans to create 60 full-time jobs and make a $45 million investment as part of an expansion of their Jasper, AL lumber mill. The investment will enable the company to triple the capacity of the sawmill and create additional activity for its other subsidiary companies.
“This joint venture project is an important part of our company growth, and we’re excited to be investing in this mill with Jasper Lumber Co.,” Tolko CEO Brad Thorlakson said. “This is our third U.S. lumber partnership and supports our product and geographic diversification. We’re pleased to support this facility and enhance its sales, marketing, and logistic capabilities to service existing and new customers across North America and abroad.” Jasper Lumber Chief Operating Officer Roy Beall indicated the partnership represents a milestone for his company, which has operated in the local community for decades.
Tolko, a family-owned privately held wood products company based in British Columbia, Canada, will hold a 50% stake in Jasper Forest Products through its U.S. subsidiary. Tolko produces a wide variety of wood-based products including lumber, oriented strand board (OSB), plywood, and pellets.
Jasper Lumber, a major industrial employer in Walker County, is also family-owned and has manufactured quality southern pine lumber for over 30 years.
Click here to read the press release.
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December 29, 2020
FORSYTHE & ASSOCIATES IN THE NEWS
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