Klausner Lumber One (KL1), located in Florida, and Klausner Lumber Two (KL2), located in North Carolina, are state-of the-art Southern Yellow Pine sawmills, and were each planned to reach production capacity of approximately 350 million board feet per year, or equivalent of 500,000 cubic meters (m3) of construction quality lumber.

Binderholz manufactures and sells solid wood products and innovative mass timber solutions at 27 locations across the USA and Europe.

Klausner successfully sold its two US sawmills, KL1 and KL2, to Binderholz in late 2020 via Section 363 auctions.

Cypress acted as exclusive financial advisor to Klausner in KL1’s and KL2’s Chapter 11 proceedings and Section 363 sales.