Teal-Jones Group to invest $31.75M in two Virginia lumber mills

Augusta Free Press
September 25, 2019
Category: Business & Politics
Region: Canada, United States

Tom and Dick Jones

British Columbia-based Teal-Jones Group is investing a total of $31.75 million to expand sawmill and dry kiln operations at two recently acquired lumber mills in Virginia. At Pine Products Inc. in Henry County, the company will invest $21 million and create 67 new jobs and at Potomac Supply, LLC in Westmoreland County, the company will invest $10.75 million and create 59 new jobs. …The company is committing to source 100 percent of its net new timber purchases from the Commonwealth, which over the next four years is expected to top $100 million. “This major investment by Teal-Jones Group in Virginia’s forestry industry is evidence of the world-class workforce, critical infrastructure, and abundant natural resources that make our Commonwealth the best place for business,” said Gov. Ralph Northam. …Teal-Jones Group is the largest privately held forest products company operating on the West Coast of Canada. The family-owned company, operates eight mills in Canada, as well as mills in Antlers, Oklahoma, and Suma, Washington. 

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