Tuesday, April 9, 2024
AHF Products, a flooring manufacturer, has finalized agreements to purchase two sawmills in West Virginia. This move aims to increase the lumber supply to its Beverly, West Virginia, facility that manufactures solid wood flooring.
AHF President & CEO Brian Carson said the acquisition “helps ensure lumber supply for our Beverly, West Virginia, plant and it is essential to our customers and employees who rely on our supply of hardwood flooring. It’s a great day for employees, customers and suppliers.”
As per the agreement, AHF, the leading hardwood flooring manufacturer in the U.S., will acquire assets from Allegheny Wood Products’ sawmills located in Smoot, Greenbrier County, and Norton, Randolph County.
By acquiring the two mills initially set to shut down at the end of March, AHF will preserve around 80 direct positions. Moreover, it is anticipated to double this employment impact by generating new opportunities for loggers, truckers, and suppliers within the region.
“These mills assure AHF direct access to a high-quality timber supply, which will provide more than 20% of the required supply at full capacity of flooring production. AWP was 12% of total supply at peak, so we have more than replaced the lost supply,” said Jake Loftis, Chief Operating Officer, AHF. “We are excited to add this capability to AHF and operate the mills at a capacity that will positively impact people and these two communities. It’s another key step to ensure AHF’s success now and into the future.” Jake added further.
The supply of Eastern hardwood lumber in the U.S. is currently 65% of what it was pre-pandemic and 40% of what it was before 2007. The purchase of the two sawmills recovers 100% of the lumber supply AHF would have lost due to the closure of AWP and secures a consistent lumber supply to protect AHF customers. These two mills combined will supply 25 million board feet annually.
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Tags: flooring, sawmill, wood and panel, woodworking, woodworking and manufacturing, woodworking industry, woodworking USA
