Allied Timber Products sold to AAM Investments

In Issue11, WoodTECH by FIEALeave a Comment

The Australian Financial Review has reported that AAM Investment Group has acquired Allied Timber Products’ softwood sawmill and business located in Bathurst for about AU$25 million. This latest transaction is yet another addition to its diversified, unlisted investment offerings now valued at AU$160 million.

The saw mill sits on six hectares and processes about 92,000 cubic metres of saw logs per annum. It has a development approval to process 210,000 cubic metres. The mill, developed in 2006 on a greenfield site, has a long-term contract with NSW Forestry.

Source: Australian Financial Review, Investsize.com

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