Gunns closing AU$35m deal for Heyfield mill

Friday 20 Apr 2012

Gunns Ltd. is about to close the sale of its Heyfield native timber sawmill in Victoria, Australia, to a national timber wholesaler for AU$35 million according to the Australian Financial Review.

Mortim (Australia) Pty. Ltd. has agreed to buy the sawmill, according to sources, but the sale is not yet final, although it had been due to close in December 2011, reported the article, summarized by Stock Journal on 17 April.

Based in the Melbourne, family-owned Mortim Australia is a national wholesale distributor of softwood and hardwood building and manufacturing products with distribution outlets in Melbourne and Adelaide, its website states.


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