News & Updates

U.S. housing starts in June increased more than 17% over May to an annual rate of 1.186 million, with both single family housing starts (831,000) and multi-family housing starts (350,000) showing big increases, according to the U.S. Census Bureau monthly…

Brunette Machinery Co. Inc. announced that Kirk Forbes has concluded the purchase of shares from his business partners and is now the sole owner of Brunette, which is celebrating more than 75 years in supplying the wood products business…

The BID Group of Companies has expanded upon its use of PTC’s products to include Vuforia Augmented Reality (AR) offerings, in particular Vuforia Chalk remote experience software. Prior to leveraging Vuforia Chalk, BID deployed PTC’s…

The Board of Cepra-Centro promozionale Acimall, orgaziners of Xylexpo, speaking through its president Lorenzo Primultini, officially canceled the 2020 show on July 6, 2020. Initially scheduled for late May in Milan, Italy, Xylexpo was first…

Organizers of the Timber Processing & Energy Expo announced the cancellation of the event, which was scheduled for September 30 to October 2 at the Portland Exposition Center in Portland, Ore…

The Conservation Fund has purchased 15,408 acres of Maine woodland from Chadbourne Tree Farms LLC in Oxford County. The primarily white pine tract was assembled by the…

Ashton Lewis Holding Co., an affiliate of major treater Great Southern Wood, has acquired the family-owned W.T. Jones & Sons, Inc. southern pine sawmill in Ruther Glen, Va., and is planning to invest $11 million in the facility…

Canfor Corp. executives announced in mid June that CanFor’s 70%-owned subsidiary, Vida Group, has entered into an agreement to purchase three sawmills located in Sweden from Bergs Timber for $43 million (Can.), plus working capital…

PotlatchDeltic Corp. officials recently announced an agreement to sell 72,000 acres in Minnesota to The Conservation Fund for approximately $48 million. The transaction is expected to close in the second half of 2020. Company officials noted the sale is part…

Backing off an earlier announcement that Indonesian wood products exporters would no longer need to obtain a license showing the wood’s origin and legality, Indonesia’s Ministry of Trade recently reversed itself after an outcry from wood…