In April 2021, Shreveport attorney Rich Lamb saw an opportunity. Lamb’s family has owned timberlands for several generations. …Fast forward to today. A more than $100 million Southern yellow pine sawmill sits outside of Plain Dealing. …Lamb learned that Canadian companies were relocating to the southern United States to build sawmills due to the unfavorable business climate in Canada. Lamb raised money and recruited Canadian company Teal Jones as an operating partner… Teal Jones acquired 57% of the sawmill, with Lamb and local investors owning the remaining 43%. But in 2024, Teal needed to sell. “Because of the pricing environment, interest rate environment and political climate in Canada, Teal Jones got into financial distress and went into reorganization,” Lamb explained. “They needed to sell their 57% interest to get liquidity.” Fortunately for Lamb and his group, a new buyer was found. Earlier this month, Sumitomo Forestry America Inc. purchased Teal Jones’ stake in the mill.