Atlas Holdings announced that it has entered into a definitive agreement to sell RedBuilt, LLC to Hampton Lumber Mills, Inc. Atlas formed RedBuilt with the acquisition of the commercial division of Trus Joist from Weyerhaeuser Co. in 2009. Over the next 14 years, the company became an industry leader in the engineering, design and manufacturing of proprietary wood-based structural solutions serving the low-rise commercial construction market. The transaction is anticipated to close in the first quarter of 2024, subject to customary closing conditions. Terms were not disclosed.
“The decision to conclude our extraordinary partnership with the team at RedBuilt is bittersweet. The journey over more than 14 years to build the company in partnership with Atlas Operating Partners Tom Denig, Bill Corbin and Kurt Liebich and current CEO Don Schwabe has been long and rewarding, but the time is right to transition RedBuilt to great new partners in Hampton Lumber,” says Atlas Co-Founder and Managing Partner Andrew Bursky. “We wish Hampton and our good friends at RedBuilt every success.”
“RedBuilt is a leader in wood-based light-commercial framing solutions and we’re excited to welcome this innovative company into the Hampton family. Building on over 80 years in the lumber and forest management business, this acquisition complements our existing operations and propels Hampton into the impactful world of value-added wood products design and manufacturing. RedBuilt has a rich history, a strong leadership team, and a skilled workforce. As a subsidiary company, RedBuilt will have our full support as it continues to deliver leading-edge products and building systems and opens up new and important opportunities in green building solutions,” says Randy Schillinger, Hampton Lumber CEO.
“We are forever grateful for the unwavering support from Atlas and its operating partners and are delighted to be joining the Hampton family. We share the same core values—safety, people, communities, and a true passion for what we do. This move will provide both businesses with exciting new opportunities to expand our service and product offerings,” says Don Schwabe, RedBuilt CEO.
RedBuilt and Hampton Lumber are united by their roots in the Pacific Northwest and shared commitment to their people, communities and sustainability. Hampton Lumber is a fourth-generation family-owned company with operations dating back to 1942 when the company’s original sawmill in Willamina, Ore. was purchased to supply its lumber business in Tacoma, Wash. Today, Hampton’s 1,700 employees operate ten sawmills across Oregon, Washington, and British Columbia.
Headquartered in Boise, Id., RedBuilt is a leader in engineered structural systems across light-frame commercial, multi-family, and off-site building applications. Today, RedBuilt’s team of more than 400 associates deliver nationwide sales and support out of four design centers and manufacturing facilities in Chino, Calif.; Delaware, Oh.; and Stayton and Hillsboro, Ore.
Carbotech Group has acquired Sawquip, a manufacturing company specializing in the design and manufacture of sawmill equipment for the primary and secondary breakdown of logs into lumber. This acquisition allows Carbotech Group to add on a new field of expertise, providing customers with innovative new solutions for lumber production. Sawquip’s innovative products include log turners and optimized log infeeds, chipping canters, twin and quad circular saw modules, as well as optimized gangs for controlled shape sawing, among others.
Rob Freres, president of Oregon-based Freres Engineered Wood, a manufacturer of lumber, veneer, plywood and mass timber, has thrown in his support for a lawsuit filed by the Oregon Trucking Assn. and three Oregon-based trucking companies against the state of Oregon for overcharging truckers under the weight-mile tax.
Austria-based Hasslacher group is acquiring a stake in Element5, a mass timber producer specializing in the design, manufacture and assembly of modern engineered timber buildings. Based near Toronto, Can., Element5 employs more than 100 and produces cross-laminated timber and glued laminated timber for the North American market.
Find Us On Social
The monthly Timber Processing Industry Newsletter reaches over 4,000 mill owners and supervisors.
Timber Processing is delivered 10 times per year to subscribers who represent sawmill ownership, management and supervisory personnel and corporate executives. Subscriptions are FREE to qualified individuals.
Complete the online form so we can direct you to the appropriate Sales Representative.