IDABEL, Okla. (AP) — Weyerhaeuser Co. said it agreed to buy Freeman Brothers Inc.'s Idabel sawmill — a contract sawmill for Weyerhaeuser and a chip supplier for the forest products company's Valliant, Okla., containerboard mill.
Financial terms weren't disclosed.
Late Thursday, Weyerhaeuser said the sawmill employs approximately 130 people and has the capacity to produce 130 million board feet of lumber annually.
The potential sale is subject to reaching a final sales agreement, company management approval and any required regulatory approval. Customer orders for this facility will not be impacted during the sales process.
Weyerhaeuser owns Timberlands and four other facilities in Oklahoma.
Freeman Bros., based in Russellville, Ark., owns and operates Bibler Brothers Lumber Co. in Russellville and the mill in Idabel. Bibler Brothers has been in existence since 1909 and Freeman purchased the Russellville mill in 1998 and the Idabel site in 2001. The company produces southern pine boards, dimension material, timbers and 5/4 inch premium decking.