Lewiston Mill Sold To Idaho Forest Group
Clearwater Paper Corp. is selling its Lewiston, Idaho sawmill to Idaho Forest Group of Coeur d’Alene, Idaho. The $30 million transaction includes the sale of Clearwater Paper’s sawmill, planer mill, dry kilns, and related assets along with log and finished goods inventories and timber under contract. As part of the transaction, the two companies have entered into a long-term residual fiber supply agreement with the goal of delivering consistent supplies of chips and sawdust to Clearwater Paper’s Lewiston pulp mill from Idaho Forest Group mills.
Upon closing of the transaction, Idaho Forest Group plans to adjust production to meet its customer needs. At the same time, Idaho Forest Group will begin assessing employment needs and should initiate the hiring process soon after the close of the transaction. Longer term, Idaho Forest Group will assess the mill’s capabilities and prepare an improvement plan for implementation.
“We are very excited about the prospects of updating and revitalizing the Lewiston sawmill,” says Scott Atkison, president of Idaho Forest Group. “The mill and its location in the LC Valley and surrounding wood basket give us the ability to better supply our customers with the products they need, both now and into the future.”
RELATED ARTICLES
Latest News
Interfor Lays Off Gilchrist Staff
Following an earlier announcement, Interfor began laying off 130 of 150 employees at its Gilchrist, Ore. sawmill in late June. Company officials cited difficulties with the coronavirus issue and overall market conditions as reasons for the layoffs…
Wood ID Lab Moves To Oregon State
Thanks to a five-year, $4 million federal grant from the Forest Service International Programs Office, the Wood Identification and Screening Center (WISC) is moving to Oregon State University, where it will join the College of Forestry. The WISC was…
Oregon Salamander Lives With Logging
Following a seven-year study of 88 timber tracts across Oregon’s western Cascade Range, researchers have concluded no “discernable difference” in populations and occupancy of a rare salamander on recently harvested stands compared to…
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.