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Hyne Timber
At the end of January, James Jones & Sons acquired just under 60% of the shares in Mayflower Enterprises Pty Ltd in Australia, the holding company of Hyne Timber and XLam. The transaction was approved by the Mayflower Enterprises shareholders and by the Australian Treasury’s Foreign Investment Review Board. Mayflower Enterprises Pty Ltd is a sixth generation, family owned company with an annual turnover of AUD$380M in the year ending 30th June 2021.
Hyne Timber, dating back to 1882, operates two modern sawmills (Tuan, Queensland and Tumbarumba, NSW) producing circa 800,000m3 of sawn timber, employing 750 staff and enjoying a 21% market share in Australia. The mills source approximately 1.6 million tonnes of pine logs from plantations strategically located in Queensland, NSW and Victoria. Hyne Timber also operates a brand new Glulam factory in Queensland, commissioned in 2020. XLam (New Zealand) was the only CLT manufacturer in the Southern Hemisphere and was acquired in 2015. The company has since relocated to Wodonga, Victoria where Australia’s first ever CLT manufacturing plant was commissioned in 2018. The partnership between the Hyne Group and James Jones & Sons Ltd brings together 320 years of sawmilling heritage and represents a positive next chapter for the respective family businesses, and pools a knowledge base encompassing forestry, sawmilling, I-Joists, Glulam, CLT and renewable energy.
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Glulam
1 Maryborough Group locations – Australia
Sawmills 2 Tuan
3 Tumbarumba
XLam
4 Wodonga
5 Head Office 6 Auckland
7 Nelson
Distribution
8 Cairns
9 Brisbane
10 Newcastle
Group Head Office 11 Brisbane
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3 4
5 1
2 11 9
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Tuan, Queensland
• Acquired: 2022 • Employees: 260 • Products: Structural framing products (T2 Blue, T2 Red, T3 Green Plus)
Tumbarumba, New South Wales
• Acquired: 2022 • Employees: 180 • Products: Structural framing products (T2 Blue, T3 Green Plus)
First visit to Hyne Timber
Mike Beardsell, Jon Kleinschmidt, Tom Bruce-Jones and Belinda Lengenberg in Forest Corporation NSW Plantation Estate Eddie Balfour and Tom Bruce-Jones made their first trip to Australia for a two-week packed itinerary, including Hyne Timber’s Maryborough and Brisbane sites and the XLam facility Tom Bruce-Jones, Jon Kleinschmidt, Eddie Balfour and Katie Fowden at Wodonga, with the Snowy Valleys Council Mayor and Councillors Australia’s pioneering CLT plant. It was also an opportunity to spend time with the Hyne family who have retained just over a 40% share in the business and for the new Board members to get acquainted properly.
Tom Bruce-Jones and Dean Anderson at the FCNSW Nursery, Tumut Eddie Balfour, Tom Bruce-Jones, Phil Green, Mike Beardsell, Jon Kleinschmidt, Belinda Lengenberg, Nick Firth and Katie Fowden
