Print
The Danzer Lumber North America sawmill in Bradford, Pennsylvania. Photo: Danzer.
BRADFORD, Penn. - Hardwood specialist Danzer has sold its Bradford, Pennsylvania sawmill to a joint venture between hardwood producer Rossi Group and timberland investment firm Lyme Timber Co. The new owners say they plan to add at least 20 jobs to the existing 85 at the facility.
The sale closed April 15. Terms of the sale were not disclosed.
Danzer opened the hardwood mill in 1988. The company said over the past few years it has invested in technology, including a curve saw that increases the raw material yield 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,” said Hans-Joachim Danzer, CEO of Danzer.