York Timber has been quick to lift profits after the R1,7bn acquisition of Global Forest Products and SA Plywood. The deal increased York's size and changed its business. Previously, the 91-year-old company was a family-controlled sawmiller with limited access to timber and little scope for growth. Now, York is "at least" 65% self-sufficient in timber supplies. It should have resources and funding to benefit from long-term growth in domestic demand for its main product, saw logs.
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