Tolko Announces Joint Venture Lumber Mill in Alabama

Tolko Industries (U.S.) Ltd. and Jasper Lumber Company are pleased to announce 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.”

About Tolko

Tolko is a leading manufacturer of a wide range of forest products for customers around the world, including lumber, plywood and veneer-oriented strand board co-products, biomass power, and a growing number of specialty wood products. For more than 60 years, our family-owned company has delivered reliability, flexibility, efficiency, and quality. We hold third-party certification on the forestlands we sustainably manage in British Columbia, Alberta, and Saskatchewan, and we play an active role in the communities where our employees live and work.

About Jasper Lumber Company

Jasper Lumber Company is located in Northwest Alabama and has manufactured quality southern pine lumber for over 25 years. Our goal is to provide our customers with a quality product they can depend on time and time again while doing our part to protect the environment and assure the sustainability of our forests for generations to come.

Contact:

Chris Downey – Communications Advisor – chris.downey@tolko.com – (250) 306-0929

Source: Tolko Industries Ltd.