Ptree Harvesters Unlimited
Ptree Harvesters Unlimited is a company that harvests ptrees in Wilmington Island, Georgia. The company was founded in 1848 by brothers John and William Ptreeson. The company employs 500 people. The company is the largest harvester of ptrees in the United States. The company's headquarters is in Wilmington Island, Georgia. The company has a fleet of 50 trucks and 500 employees. The company's mission is to harvest ptrees in a sustainable manner and to create jobs in the community. The company is committed to being a good steward of the environment. The company has been featured in The New York Times, The Wall Street Journal, and The Atlanta Journal-Constitution.
Purchase of T&L Logging
In 2012, the company purchased T&L Logging, a company that had been harvesting ptrees in the area for over 30 years. The purchase added 30 trucks and 100 employees to the company. The company has plans to expand its operations to other parts of the country.
The T&L purchase also brought along with it a sawmill, which the company plans to use to produce lumber from the ptrees it harvests.
Bankruptcy
On September 6, 2018, the company filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the District of Delaware. The company listed assets of $50 million and liabilities of $100 million. The company plans to continue to operate during the bankruptcy process.
Legal Troubles and Johannson Murders
On October 5, 2018, it was revealed that the company was being investigated by the FBI for possible environmental crimes. The company is also facing lawsuits from the families of two men who were killed by a falling tree while working for the company.