TMI Forest Products and Welco Lumber Company USA have become Alta Forest Products LLC, a partnership between longtime Western Red Cedar manufacturers.
Morton-based Alta took over the ownership, operations and assets of the two companies on Thursday, including four manufacturing sites in Morton, Shelton, Amanda Park, Wash., and Naples, Idaho.
Alta will continue to employ more than 400 and produce annually more than 300 million board feet of finished goods.
“This agreement will help secure employment to the local communities and strengthen the regional economy built on the growing lumber industry,” the company said in a statement.
The executive group consists of President and Chief Executive Mike Pedersen, Chief Operating Officer Peter Stroble, Chief Financial Officer Brian Cox and vice president of sales Jeffrey Cook. They also will be governed by a board of directors.