Tolko announces joint venture in Mississippi lumber mill
November 2, 2018
VERNON, B.C. (News release) -- Tolko Industries (U.S.) Ltd. and Southeastern Timber Products (STP) are pleased to announce a 50-50 joint-venture partnership in a lumber mill in Ackerman, Mississippi. The mill will now be known as Southeastern Timber Products LLC, an STP-Tolko Partnership.
"We're pleased to have found a partner like STP that we share the same family-owned business values with," said Tolko CEO Brad Thorlakson. "We look forward to the opportunity to invest in this, our second asset in the U.S., to support the future growth of our company. We're pleased to support this facility and enhance its sales, marketing and logistic capabilities to service our customers across North America and abroad."
"We couldn't be more excited to be partnering with Tolko," said STP Manager Billy VanDevender. "Tolko has a long family history in the lumber manufacturing business and a proven ability to excel in our industry. We are thrilled about our partnership. We look forward to working with Tolko, the local economic community and the State of Mississippi to support further investment in our facility to expand capacity from our current 100MMFBM to 300MMFBM."