M. L. Anderson Manufacturing Company, with a sawmill plant earlier established in Tenaha, Shelby County, bought sawmill machinery and equipment from the National Bank of Galveston for $10,000 in 1959. Anderson sold the mill to a Jasper County group of Martindale-Holmes-Glover in turn who sold to an investment group that organized under the name of San Augustine Lumber Company, Inc., which included John E. Anthony of Ouachita County, Arkansas, and George Juniel and Nolan G Atchley of San Augustine, and earlier T. F. Keasler and L. K. Walker. L. K. Walker and N. G. Atchley had interests in Leggett Lumber Company as well as L. K. Walker's involvement with Walker Brothers Lumber Company.
The San Augustine Lumber Company, subject to mortgages from Commercial State Bank for $14,422.80 and $200,000, secured its sawmill, equipment, office furniture, etc., in April 1964. It joined the Southern Pine Association in October, 1965. By 1966, the company employed between twenty-five and fifty workers.
Weldon Beasley recalled that this company had a dry kiln. It operated until the later 1980s.