Colac’s Associated Kiln Driers Softwoods has finalised a deal with timber processor Carter Holt Harvey Woodproducts and taken over ownership of a Queensland sawmill.
AKD chief Shane Vicary said the Caboolture mill processed about 215,000 cubic metres of sawlog into a range of timber products for the Queensland and northern New South Wales markets.
He said AKD finalised the sale on Friday, with the mill resuming normal operations today to avoid any disruption to customers.
Mr Vicary said AKD had offered ongoing employment to the 120 employees of the Caboolture mill.
“We see the Caboolture business as a well-run operation that will be a perfect fit for the AKD Group,” he said.
“The acquisition provides us with a greater range of products to offer our existing customers, and also provides AKD with access to new markets and new customers.
“For AKD, it was important that there be no impact on the existing operations and employment.
“We believe that these assets, being the people and plant, will enhance our future and provide growth and stability.
“The access to well-managed plantations is at the heart of this transaction; we are committed to working with our key log suppliers and provide our customers with quality locally grown and produced products, from renewable resources.”
Mr Vicary said AKD Softwoods, which was a privately-owned company, was proud of its 60-year history in the forest industry and the direction it had taken.
“AKD is a vertically integrated forest products business, currently operating activities on six separate sites,” he said.
For the full story see today’s Colac Herald.