Suwannee Lumber Company LLC (SLC), in conjunction with its private equity sponsor, Blue Wolf Capital Partners (Blue Wolf), is excited about its purchase of the former Bean Lumber Company mill in Glenwood, Arkansas. Caddo River Forest Products represents an opportunity to leverage SLC’s 62 years of operating excellence to not only restart the mill but invest in expansion opportunities that will bring the mill’s capacity to 180 million board feet with 180 employees.
SLC, founded in 1954, is a leading independent manufacturer of softwood lumber in the Southeastern United States. Headquartered in Cross City, Florida, SLC operates a 150 million board foot sawmill, a 750 thousand ton timber dealership, and a 12 million bag mulch mill.
In 2013, SLC partnered with Blue Wolf to assist the company’s growth throughout the current market recovery. Blue Wolf is a private equity family of funds that has made successful investments within the industry, including SLC, Twin Rivers Paper Company, Northern Pulp, Finch Paper, and American Builders Supply. Their core investment strategies are to prepare companies for market cycles through investments in terms of operating efficiency, to facilitate strategic relationships, and to employ best in-class management personnel from within the industry.