Tolko Industries (U.S.) Ltd. and Jasper Lumber Company have announced a 50-50 joint-venture partnership in an existing sawmill, shavings business, whole log chipper, and trucking operations in Jasper, Alabama.
The collaboration will be known as Jasper Forest Products LLC., A Jasper-Tolko Partnership and will bring economic and employment benefits to both companies and their surrounding communities.
“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 Company,” said Tolko CEO Brad Thorlakson.
“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.”
“We couldn’t be more excited to be partnering with Tolko,” said Jasper Lumber Company Chief Operating Officer Roy Beall.
“Tolko has a proven track record in our industry and a long family history in the lumber manufacturing business. We are thrilled about our partnership. We look forward to working with Tolko, our valued customers, and the state and local economic development community as we create jobs and expand capacity from our current 70 MMFBM to approximately 200 MMFBM.”
Tolko Industries Ltd. is a privately owned Canadian forest products company based in Vernon, British Columbia. It manufactures and markets specialty forest products to world markets. Tolko's products include lumber, plywood, veneer and oriented strand board.