Astara Capital Partners has acquired a majority stake in Cross City Lumber, enhancing the sawmill's production capacity and sustainability initiatives in the Southern Yellow Pine market.

Information on the Target

Cross City Lumber (CCL) is a Southern Yellow Pine sawmill located in Cross City, Florida. The company specializes in the production of both specialty and dimensional grades of lumber, catering to various market demands. Under the new ownership of Astara Capital Partners, CCL is positioned to enhance its operational efficiency and expand its production capacity through strategic investments and capital projects.

Astara Capital Partners has identified CCL as a promising investment opportunity, leveraging its extensive network within the sawmill industry to guide the acquisition. The planned improvements will not only increase CCL's capacity but also significantly lower its breakeven point, leading to improved profitability.

Industry Overview in the Target’s Specific Country

The lumber industry in the Southeastern United States, particularly in Florida, plays a vital role in the regional economy. Southern Yellow Pine dominates the construction lumber market due to its versatil