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
Freres Fire Response Lawsuit Dismissed
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); A federal judge has ruled against Freres Lumber Co. and subsidiary Freres Timber of Lyons, Ore., dismissing the company’s lawsuit against the U.S. Forest Service (FS) over its response to the…
GP Redeveloping Headquarters Site
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Georgia-Pacific announced in September initial plans for one of the country’s largest mixed-use redevelopments and the intent to transform its iconic 51-story world headquarters in downtown Atlanta and the surrounding city…
Comact Releases 100th Anniversary Short Film
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Comact, a leading OEM in high-caliber wood processing equipment, digital technologies, cutting solutions, project services, and aftermarket support supplier, is proud to celebrate its 100th anniversary with a short film that…
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.