In December 2018, affiliates of The Lyme Timber Company LP made a significant minority investment in the Emporium Hardwoods sawmill in Emporium, Pennsylvania. The original Emporium Hardwoods sawmill was destroyed in a fire in the winter of 2016. The owner, Ted Rossi, President & CEO of the Rossi Group, chose to rebuild with state-of-the-art design and technology, creating a high-production, nationally acclaimed mill in the heart of our land base. Historically, the mill procured timber from the lands we now own, and now Emporium Hardwoods is a customer for logs from our approximately 67,500-acre timberland ownership in the region. During the rebuild, mill employees remained on staff and participated in the construction of the mill, and today, the mill employs approximately 100 people.
Affiliates of The Lyme Timber Company LP make a significant minority investment in the Emporium Hardwoods sawmill in Emporium, Pennsylvania
December 15, 2018