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Jasper Forest Products, a joint venture formed by Tolko Industries Ltd. and B&T Forest Products, plans to create 60 full-time jobs and make a $45 million investment as part of an expansion of their Jasper, AL lumber mill. The investment will enable the company to triple the capacity of the sawmill and create additional activity for its other subsidiary companies.
“This joint venture project is an important part of our company growth, and we’re excited to be investing in this mill with Jasper Lumber Co.,” Tolko CEO Brad Thorlakson said. “This is our third U.S. lumber partnership and supports our product and geographic diversification. We’re pleased to support this facility and enhance its sales, marketing, and logistic capabilities to service existing and new customers across North America and abroad.” Jasper Lumber Chief Operating Officer Roy Beall indicated the partnership represents a milestone for his company, which has operated in the local community for decades.
Tolko, a family-owned privately held wood products company based in British Columbia, Canada, will hold a 50% stake in Jasper Forest Products through its U.S. subsidiary. Tolko produces a wide variety of wood-based products including lumber, oriented strand board (OSB), plywood, and pellets.
Jasper Lumber, a major industrial employer in Walker County, is also family-owned and has manufactured quality southern pine lumber for over 30 years.
Click here to read the press release.
Jeff Forsythe has more than 22 years of location consulting experience. As the President of Forsythe & Associates, Mr. Forsythe provides leading global companies with location advisory services at the highest standards of excellence, ethics, and professionalism. Jeff holds a Master of Public Administration and a Bachelor of Science degree from East Carolina University. He is an advisory council member for the Transatlantic Business & Investment Council, a graduate of the Oklahoma University Economic Development Institute, and maintains a South Carolina real estate license.
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FORSYTHE & ASSOCIATES IN THE NEWS
Forsythe & Associates' staff members draw from their vast location advisory experience when authoring or contributing to articles for many leading publications. Periodicals in which our articles and quotes can be found include: Area Development, Business Facilities, Chicago Tribue, Site Selection, the Wall Street Journal, and others.
In addition, as experts in the Site Selection and Incentive Negotiation profession, we are often asked to participate on panels or present on a variety of topics for leading economic development organizations or trade publications. Some of the topics that we have presented include: "Site Selection and Competing for New Business", "Distribution Center Site Selection Criteria", "Impact of Workforce on Site Selection", "Automotive Industry in Transition", "Trends in Site Selection", and more.
To learn more about publicly announced projects in which Forsythe & Associates was involved, see what conferences and events team members will be attending, or read articles that we have authored, refer to the recent headlines and news archives.
