Business
Sumitomo Forestry : Launch of our first overseas timber industrial complex with the group integration of a major US lumber company～Promoting synergies with existing US operations to drive further growth～
Sumitomo Forestry : Launch of our first overseas timber industrial complex with the group integration of a major US lumber company～Promoting synergies with
About this update from Sumitomo Forestry Co., Ltd.
[{"type":"text","content":"\n For Immediate Release\n \n \n July 3, 2025 Sumitomo Forestry Co., Ltd.\n Launch of our first overseas timber industrial complex with the group integration of a major US lumber company\n ～Promoting synergies with existing US operations to drive further growth～\n Sumitomo Forestry Co., Ltd. (President and Representative Director: Toshiro Mitsuyoshi; headquarters: Tokyo; hereinafter, Sumitomo Forestry) is pleased to announce that, on July 1st, 2025, we acquired 100% of the membership interests of Teal Jones Louisiana Holdings LLC (hereinafter, TJLH) through our wholly owned subsidiary Sumitomo Forestry America, Inc. (President: Atsushi Iwasaki; headquarters: Dallas, Texas; hereinafter, SFAM) from the major North American lumber company Teal Jones Group. As part of our acquisition of TJLH, we also indirectly acquired 57.05% of the membership interests of Teal Jones Plain Dealing LLC (hereinafter, TJPD), and made it into a consolidated subsidiary. With these acquisitions, we will begin the launch of our first timber industrial complex*1 in the US. In addition to dimension lumber*2 and other materials to build houses and multi-family residential buildings in Louisiana, this complex will consider manufacturing mass timber*3 to maximize the value of wood through the cascading utilization of logs where nothing goes to waste. Harnessing the synergy effect with our existing US operations in residential property development, real estate development and FITP,*4 we are aiming to further grow our businesses in the US.\n \n \n TJPD's existing plant\n \n \n Business overview\n \n \n Utilizing approximately 100 hectares of vast land and plant in Plain Dealings, Louisiana, TJPD manufactures dimension lumber (structural lumber) and other materials used to build houses. Every year, the plant receives delivery of approximately 1 million m3 of logs and manufactures 500,000 m3 of dimension lumber and other materials, equivalent to about 14,000 standard US homes.*5 In addition to outside purchasers, TJPD plans to supply product to our group operations, such as our FITP operations and our residential property and real estate development operations. Furthermore, we plan to utilize the\n \n \n \n TJPD's production line Dimension lumber\n \n \n \n approximate 40 hectares of unused land on the site to manufacture and sell mass timber and wood products in ...