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
Maine Executive Order Puts Forest Certification On Equal Footing
Maine Governor Paul LePage signed an executive order today directing that “any new or expanded state buildings shall incorporate ‘Green Building’ standards that give certification credits equally to forest products grown, manufactured, and certified under…
National Softwood Lumber Board Appointed
The U.S. Dept. of Agriculture has appointed 19 representatives to serve on the first national Softwood Lumber Board to oversee the new “check-off” lumber promotion effort. Members will serve two-, three- or four-year terms. Members…
Failed Yukon Sawmill Investors Hopefully Await Court Ruling
A group of 120 shareholders who invested in a failed Watson Lake sawmill 13 years ago are hopeful they’ll be paid back soon by Ottawa if a federal court of appeals upholds their award. The…
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.