Trinity River Timber Company reached agreement with California Redwood Company to purchase the Korbel sawmill, as Green Diamond Resource Company said in the press release received by Lesprom Network.
The sale includes all of the fixed sawmill assets and a long term lease on the mill site, including the associated log and lumber yards. The sale also includes a log supply agreement between Green Diamond Resource Company and Trinity River that will provide Douglas-fir logs from Green Diamond’s timberlands to the sawmill.
“We are very pleased that we are able to complete the sale of the Korbel sawmill to Trinity River. The mill is in close proximity to our timberlands and the sale insures these logs will be manufactured into lumber at a local mill," said Green Diamond Senior Vice President Neal Ewald.
Trinity River plans to focus on milling small diameter Douglas-fir logs. The Korbel mill will be Trinity River's second sawmill in Northwestern California, with the other sawmill located in Weaverville. The Weaverville sawmill was destroyed by fire in September, 2009, but was rebuilt and opened in 2011.
After modifications to the existing facilities, the Korbel sawmill is expected to be operational by early 2018.
Green Diamond Resource Company is a privately held forest products company that owns and manages working forest lands in Washington, Oregon, and California.
