Irving Forest Products has acquired an Aroostook sawmill from another Canadian company.
Irving will take over the Masardis sawmill in a sale that closes Monday, the company announced Thursday. The sale price wasn’t disclosed.
The Masardis mill, owned by Groupe Lebel of Quebec, employs 80 workers and has an annual capacity of 115 million board feet.
“We are excited to grow our lumber production capacity in the state of Maine,” Jerome Pelletier, the vice president of Irving Forest Products, said in a statement. “The Masardis mill is well-located to access high-quality timber. It is also serviced by the Maine Northern Railway and benefits from having a team of highly skilled and dedicated employees who have worked together for decades to ensure the success of their operation.”
With this acquisition, Irving now owns 10 sawmills across Maine and New York that have a combined annual capacity of 1.3 billion board feet. Irving is Maine’s largest landowner, with 1.3 million acres of timberland.
Groupe Lebel acquired the Masardis sawmill, Aroostook’s largest, in 2018 from Quebec-based Maibec, which had bought the former J. Paul Levesque sawmill in 2015.
