Interfor To Take Additional Downtime

Interfor announced plans to temporarily reduce production across its operating platform in the British Columbia Interior during the month of June 2019 due to a combination of weak lumber prices and continuing high log costs. The curtailment is expected to reduce production in the region by approximately 20 million BF for the month of June and will be taken by way of reduced operating days at each of the three BC Interior mills.

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Western Producer Goes South

Idaho Forest Group is building a sawmill in Lumberton, Miss., in Lamar County. The project is a $120 million corporate investment and will create up to 135 jobs. Headquartered in Coeur d’Alene, Idaho, IFG operates six sawmills and a…

UFP Industries Purchases PalletOne

UFP Industries, LLC is purchasing PalletOne, Inc. for $232 million. UFP has also agreed to pay $18 million for PalletOne’s recent capital expenditures. Based in Bartow, Fla., PalletOne is a leading manufacturer of new pallets in the…

West Fraser Purchases Norbord For $3 Billion

West Fraser Timber Co. Ltd. is acquiring all of the outstanding common shares of Norbord, the world’s largest oriented strandboard producer, for $3.1 billion. Following closing, the combined company will operate as West…

Klausner-Enfield Deal Is Near

Mayr-Meinhof Holz, which lost out in September on the bid and acquisition of the bankrupt Klausner Lumber One sawmill in Live Oak, Fla. to Binderholz Group, was the…

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