Sumitomo Forestry Co., Ltd. has completed its previously announced acquisition of 100% of Teal Jones Louisiana Holdings LLC, finalizing the deal on July 1, 2025. The company paid $29 million, a price revised from the initially planned $42 million following court-approved adjustments in Canada and the U.S., and made Teal Jones Plain Dealing LLC a consolidated subsidiary. The 98-hectare Louisiana sawmill will produce 500 thousand m3 of dimension lumber annually, enough to build approximately 14,000 U.S. homes, based on processing 1 million m3 of logs each year, according to Sumitomo Forestry. The site includes ...