IFG Closing Tricon Timber
Officials with Idaho Forest Group announced at the end of August the closure of its St. Regis, Mont. sawmill in late November. The company had acquired the mill in 2017 from Tricon Timber.
A post on IFG’s website from August 2019 noted the company had added a sprinkler system, replaced some older equipment and was converting the mill to an 8 ft. operation with other projects in the works. However, according to news reports of the closure announcement, the facility had not met production targets in the past year despite high lumber prices and had been having trouble finding employees.
Company officials say the hot lumber market helped mask some of the issues at St. Regis, but with prices now falling, IFG officials say the mill isn’t cost competitive and the decision was made to close the operation.
The facility employed 99 on site and had a big multiplier effect in western Montana supporting logging, trucking and other local jobs.
IFG operates six sawmills in Idaho and is building a new sawmill in Mississippi that’s scheduled to start up in 2023.
RELATED ARTICLES
Latest News
Ashton Lewis Acquires W.T. Jones & Sons
Ashton Lewis Holding Co., an affiliate of major treater Great Southern Wood, has acquired the family-owned W.T. Jones & Sons, Inc. southern pine sawmill in Ruther Glen, Va., and is planning to invest $11 million in the facility…
Canfor’s Vida Group Buys Sweden Mills
Canfor Corp. executives announced in mid June that CanFor’s 70%-owned subsidiary, Vida Group, has entered into an agreement to purchase three sawmills located in Sweden from Bergs Timber for $43 million (Can.), plus working capital…
PotlatchDeltic Sells Minnesota Acreage
PotlatchDeltic Corp. officials recently announced an agreement to sell 72,000 acres in Minnesota to The Conservation Fund for approximately $48 million. The transaction is expected to close in the second half of 2020. Company officials noted the sale is part…
Find Us On Social
Newsletter
The monthly Timber Processing Industry Newsletter reaches over 4,000 mill owners and supervisors.
Subscribe/Renew
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.
Advertise
Complete the online form so we can direct you to the appropriate Sales Representative.