Investor Presentaiton
WESTROCK ACQUISITION
Logical tuck-in acquisition with operational and capital investment upside
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Acquisition of WestRock's sawmill in
Summerville, South Carolina closed
APPROX. LOG PROCUREMENT AREAS
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on March 12, 2021.
Cash consideration of US$59 MM,
included log and lumber inventories.
Mill produced 125 MMbf in 2020.
New permit received in 2020
allowing for an increase in
production of up to 200 MMbf/year.
•
Strategic capital investment
announced in August 2021 to
significantly increase production.
Significant log sort optimization and
procurement synergies with existing
mills (Meldrim/Georgetown).
.
Long-term residuals off-take
agreement with WestRock's
Charleston, SC paper mill.
INTERFOR
Columbia
me
Lancaster
Chesterfield
Manboro
Fairfield
Kershaw
erry
Lee
Richland
Saluda
Bumber
Lexington
_dgefield
Richmond
cock
Alken
Darlington
Com
Robeson
Bladen
Marion
Florence
Horry
Calhoun
Clarendon
Willamsburg
Drangeburg
Columbia
Georgetown
getown
Berkeley
Bamwel
Bamberg
Summerville
Dorchester
Charleston
Jefferson
Burke
Allendale
ington
Johnson
Emanuel
Laurens
Treutlen
Jenkins
Screve
Colton
Hampton
Candler Bulloch
Endam
Montgomery
Evans
Wheeler
Toombs
Tanal
Bryan
Telfair
Jeff Davis
Apping
Coffee
Bacon
Atkinson
Ware
Pierce
Liberty
Long
Wayne
McIntosh
Glynn
Brantley
Jasper Beaufort
Meldrim
Chatham
Brunswi
О
Approx. 80 Mile Log
Procurement Radius
30
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