Image

Notaras & Sons business being sold

7 February 2023
After more than 70 years supplying quality hardwood timber and timber products, the Board of J Notaras and Sons is pleased to advise that the northern NSW business will be continuing its strong legacy and commitment to the family-owned service ethic and outstanding quality its customers have come to admire and respect under the direction of the Marshall family.

Completion of the transaction, which includes land, buildings, equipment and all business assets is subject to the fulfilment of essential conditions precedent including the assignment of the Wood Supply Agreements with Forestry NSW to the purchaser.

J. Notaras & Sons was founded in Grafton by two brothers – Lambrinos (Brinos) and Spiro Notaras – in 1952 and has continuously operated since then under the ownership of the Notaras family. J Notaras & Sons has been a significant long-term employer and contributor to the Grafton and Clarence Valley community, as well as a strong sustainability advocate for the timber industry. Marshall’s Timbers is a family-owned business, operating for over 60 years and are Newcastle’s largest supplier of timber and timber products.

Paul Marshall, representing the Marshalls group who are purchasing J Notaras & Sons said “We welcome the opportunity to continue and grow the specialised timber production business started by Brinos and Spiro Notaras in Grafton over 70 years ago.

Donna Layton, General Manager J Notaras & Sons said, “I have mixed emotions, after working for the Notaras family for 45 years it is hard to say goodbye. However, I am excited that the Marshall family, as the new owners, will continue to keep the business operating with the existing staff and the same commitment that family businesses have. Their enthusiasm to continue and grow the business into the future is great news for everyone concerned, including our community which the Marshall family will continue to support”.

The transaction is expected to close within six weeks of fulfilment of essential conditions precedent, with all employees to be retained by the new ownership structure.

Source: ARR News, Photo: J. Notaras & Son

Read More
Image

€150 m LVL and I-beam plant underway

Construction, the first sustainable construction factory of its kind in the Baltics and only the third in Europe, has begun operations with plans to produce €150 million of products a year for Scandinavia, North America, Australia, and major European markets. ...
Read more
Image

Steam rises again from Pan Pac

Almost a year since Cyclone Gabrielle flooded Pan Pac’s mill site at Whirinaki, steam has begun rising from one of the stacks. For nearly 50 years, Hawke’s Bay residents have been able to locate Pan Pac’s mill site by the ...
Read more
Image

Carbotech acquires Sawquip

Carbotech Group has announced the acquisition of Sawquip, a manufacturing company specializing in sawmill equipment. This acquisition allows Carbotech Group to expand its product range and offer innovative solutions for lumber production. Sawquip’s products, including log turners, chipping canters, and ...
Read more
Image

Scion joins Australian Advance Timber Hub

Scion has announced its formal membership in The Australian Research Council (ARC) Advance Timber Hub. This five-year, $16.5 million research initiative was recently launched at The University of Queensland, Australia, on January 31st, in the presence of industry leaders, academic ...
Read more
Image

NZ forestry industry establishing pan sector body

Ten organisations have signed an accord establishing as a pan sector body. Called the NZ Forest & Wood Sector Forum (NZFWSF), NZ sector associations will engage on issues of common interest or concern to the national industry and act as a ...
Read more
Image

Investment in Chilean wood alternative start-up

Chilean pulp producer Empresas CMPC SA is betting on a local startup that is working to create a wood alternative for concrete and steel in the construction industry. CMPC Ventures, CMPC’s venture capital division, led a $5.2 million investment in ...
Read more