AKD completes Yarram mill acquisition

Wednesday 11 Apr 2018

 
Late last week Associated Kiln Driers Softwoods (AKD) officially took ownership of the Yarram Sawmill after finalising the purchase with Carter Holt Harvey Woodproducts earlier this month.

Regular operations of the mill will resume from Monday 25th March, with all 60 existing employees offered ongoing employment. The Yarram Sawmill processes approximately 150,000 cubic meters of saw-log into a range of timber products from its location in Gippsland, Victoria.

AKD Softwoods CEO Shane Vicary believes Yarram is the perfect fit for the AKD Group. “The Yarram business just like the Caboolture business purchased earlier in March, is a very well-run operation, with a fantastic team, and excellent plant” Mr. Vicary said, “we see this as a perfect fit for AKD, and will complement our existing operations in Victoria.”

“This exciting acquisition in eastern Victoria provides us with new customers and a greater range of products to offer our existing customers” “Through our long history we have a proven record of building and developing our business through strategic acquisitions and continual capital investment in our core business.”

AKD will continue to work with key log suppliers and provide customers with quality locally grown and produced products, from renewable resources.

Through AKD's acquisitions of the Caboolture and Yarram operations, as well as a brand new Sawmill in Colac the company and management has shown it's long term commitment to the Australian forest products industry.


Share |



Copyright 2004-2018 © Innovatek Ltd. All rights reserved.