News & Updates

Mercer International Inc. has entered into an agreement to acquire all of the outstanding shares of the parent company of HIT (Holz Industrie Torgau) for €270 million. HIT owns, among other things, 100% of a timber processing and value-add pallet production facility in Torgau, Germany and a wood processing facility in Dahlen, Germany that produces garden products…

Collins has announced that Tom Insko will become the President & CEO of the company, succeeding retiring Eric Schooler. Insko, an Oregon native will assume responsibilities on October 1 for the Wilsonville, Ore.-based Collins…

Officials with D.R. Johnson Lumber report the company’s Prairie City, Ore. sawmill was back up and running the second week in July. Prairie Wood Products, a division of D.R. Johnson Lumber Co., had been idled since 2009 due to economic downturn pressures…

Richmond, BC-headquartered and privately held holding company, Paper Excellence Group, a manufacturer of pulp and paper products with seven facilities in Canada, through its wholly-owned subsidiary Domtar Corp. is acquiring Montreal-based…

USNR, a division of Wood Technologies International, has acquired Timber Automation, an industry leader in sawmill equipment and technology. The deal adds more than 250 employees and more than 200,000 sq. ft. of manufacturing space…

U.S. housing starts continued to slip in June, coming in at a seasonally adjusted rate of 1.559 million, which was down 2% from May and down 6.3% from June 2021, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly new residential construction report…