Colac-based AKD Softwoods has finalised the purchase of Carter Holt Harvey’s New South Wales sawmilling business.
The NSW business includes a Tumut sawmill, a Gilmore treatment facility, a 50-per-cent interest in the Highland Pine Products joint venture at Oberon and a distribution centre at Berkeley Vale.
The Tumut sawmill processes about 565,000 cubic metres of sawlogs producing a range of outdoor and structural products while the HPP joint venture processes about 600,000 cubic metres of sawlog.
AKD will continue to employ all of Carter Holt Harvey’s almost 500 employees.
AKD’s chief executive officer Shane Vicary said “we are excited to be acquiring the assets and merging the NSW people into our AKD team, the operations are well run and operated by dedicated, talented and passionate people”.
“We see the NSW business as a strategic fit for the AKD Group as we have a long-term dedication to our industry producing timber products for the Australian market,” he said.
See Wednesday’s Colac Herald for more.