German hardwood specialist Danzer has closed the sale of its hardwood lumber sawmill in Bradford, Pennsylvania. Danzer sold the facility to a joint venture between hardwood producer Rossi Group and timberland investment firm Lyme Timber Company.
The sale secured the 85 existing jobs at the Bradford facility; plus, the new ownership group is planning to add at least 20 new jobs. Danzer will stay in the North American lumber business with its lumber drying operations in Shade Gap, Pennsylvania.
In 1988, Danzer has opened the Bradford sawmill to offer high quality American lumber to customers worldwide. Over the last years, Danzer has invested in cutting-edge technology, like a curve saw that increases the raw material yield of the valuable hardwood resource by cutting flat boards out of swept logs.
“Still, the competitive dynamics didn’t allow to differentiate the lumber product enough to fit Danzer’s strategy of seeking strong competitive advantages in all its businesses”, says Hans-Joachim Danzer, CEO of Danzer.
Danzer is a leading quality hardwood company with production facilities in North America and Europe.