Legacy Capital facilitated the sale of Rives and Reynolds Lumber Co., Inc. and Monticello Tie & Timber, LLC to Jones Companies, marking a strategic consolidation and expansion in the southeastern lumber market.

Information on the Target

Rives and Reynolds Lumber Co., Inc. (R&R) and Monticello Tie & Timber, LLC (MT&T) are established companies within the hardwood lumber industry, with a history dating back to 1971. R&R operates two hardwood sawmills located in Louisville and Natchez, Mississippi. The Natchez facility has been notably engaged in the sale of kiln-dried and air-dried lumber, serving both domestic and international markets for the past 17 years. Meanwhile, MT&T, acquired in 2006, operates a small-log tie and timber sawmill, primarily supplying railroad ties, timber to treatment facilities, and rough green lumber to domestic manufacturers. The companies pride themselves on sourcing high-quality raw materials such as Red Oak, White Oak, Ash, Poplar, Cottonwood, and Pecan logs from local suppliers, thus fostering a strong reputation in Mississippi's lumber community.

Industry Overview in Mississippi

The lumber industry in Mississippi has long been a vital component of the state's economy, with an abundant supply of timber resources that supports various segments, including hardwood and softwood production. The state's favorable growing conditions and extensive forest land have positioned Mississippi as one of the leading producers of timber in the southeastern United States.

Despite challenges such as fluctuating market prices and environmental regulations, the Mississippi lumber industry continues to thrive. The demand for sustainable