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
Weyerhaeuser Establishes Preference For ATFS Certified Wood
One of the world’s largest forest products companies has announced a supply chain preference for certified material sourced from the American Tree Farm System (ATFS). For more than 89,000 family forest owners sustainably managing 27…
Wood Dust Warning Came Before Deadly B.C. Sawmill Blasts
Sawmills in B.C.’s Interior were warned wood dust was an explosive risk before two deadly sawmill explosions earlier this year, in which wood dust is suspected as a factor. But the advice took a back…
California Lumber Tax Dropped
A proposed 1% additional sales tax on selected lumber products that was part of Governor Jerry Brown’s attempt to close a state budget gap has been dropped, much to the relief of California LBM dealers.…
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.