News & Updates
UK’s James Jones Buys GT Timber
UK’s James Jones & Sons Ltd. has acquired GT Timber Ltd., the parent company of Taylormade Timber Products Ltd. and Kerr Timber Products Ltd., which operate…
U.S. Housing Dips Again in February: Pandemic Started Hitting Home A Year Ago
U.S. housing starts experienced a second straight month of decline in February with a seasonally adjusted annual rate of…
Weyerhaeuser Buys 69,000 Acres
Weyerhaeuser is purchasing 69,200 acres of high-quality Alabama timberlands from Soterra, a subsidiary of Greif, Inc., for $149 million. The acquisition comprises highly productive timberlands in southwest Alabama, 100 miles north of Mobile…
Humboldt Sawmill Gains Biochar Certificate
Utilizing major cogeneration residual, Humboldt Sawmill in Scotia, Calif. has obtained a European Biochar Certificate, the first U.S. based company to do so. Through the production of biochar, a byproduct of its Scotia, California cogeneration plant, Humboldt Sawmill is providing a sustainable product that can be added to soils by farmers and other landowners to aid in…
Interfor Is Purchasing WestRock Summerville Sawmill
Interfor is acquiring the WestRock sawmill in Summerville, SC for US$59 million. The Summerville mill produced 125MMBF in 2020. A new permit was received in 2020 that allows for the production of up to 200MMBF and Interfor has identified a number of operational and capital investment initiatives to optimize and…
Housing Starts Jump Out Of Gate Slowly, But Building Permits Looking Good
U.S. housing starts were at a seasonally adjusted rate of 1.580 million for January, a 6% decrease from December and 2.3% below January a year ago, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly new residential construction report…
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