Klausner Lumber Sawmill Assets Purchased by Binderholz Group

SEATTLE (Scrap Monster): The Fugen, Austria-headquartered Binderholz Group emerged as the successful bidder for the Klausner Lumber II sawmill in Enfield, North Carolina. The contract was won for a sum of $83.4 million during the recently held virtual auction event. The transaction is expected to complete in January next year.

According to report, Klausner Lumber II has sought federal bankruptcy court approval for the transaction. The hearing will be done on December 17^th either by telephone or video conference before U.S. Bankruptcy Judge Karen. B. Owens.

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It must be noted that BinderHolz had earlier purchased Klausner Lumber One in Live Oak, Florida in August this year. With this acquisition, the Austrian company has turned out to be the largest sawn timber producer in the European region. It has 9 sawmills spread across Austria, Germany, Finland and the U.S.

Reinhard Binder, CEO, BinderHolz noted that the acquisition is the logical complement to its August 2020 acquisition. The strategic deal will significantly improve the products availability for its customers. Furthermore, it will lay the foundation for further investments in the region, he added.

The Klausner II sawmill has a sawing capacity of nearly 1 million cubic metre and additional processing capacity of over 500,000 cubic metres of planed products.