Pardee Resources Sells West Virginia Sawmill to Hamer
Pardee Resources has sold a sawmill in West Virginia to The Jim C. Hamer Company.
Philadelphia-based Pardee announced the recent closure of the sale on Wednesday in a news release. Terms of the deal weren't disclosed.
The company says Hamer also will have timber harvesting rights under a 10-year agreement on 62,000 acres of timberlands owned by Pardee near the sawmill in Curtin.
Kenova-based Hamer has operated the sawmill since 1984 under a lease. Pardee has owned the sawmill since 1955, when it was built.
Pardee president and CEO Carleton P. Erdman says in the release that continued ownership of the sawmill didn't fit with the company's strategy of owning and managing commercial timberlands.