Millari Group expands with acquisition of Juken, boosting Australian timber supply

Australian wood products firm Millari Group has acquired Juken New Zealand’s (JNL) Gisborne sawmill, strengthening its supply of engineered wood products and timber to the Australian market, the company said in a statement on Wednesday. The acquisition, set to be finalised later this month, includes JNL’s laminated veneer lumber (LVL) and plywood manufacturing lines, as well as its sawmill. The facility will be rebranded as Millari NZ and is expected to restart operations in the coming months, after closing in March 2024. Millari Group, which operates True Blue Timber, True Blue LVL, and True Blue Plywood ...