News & Updates
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…
Drax Purchase Alters Biomass Landscape
Drax Group, the major United Kingdom-based electricity producer, which has converted much of its generation from coal-fired to wood pellet fuel, has entered into an agreement to purchase major Canadian-based industrial wood pellet producer Pinnacle Renewable Energy Inc. The all-cash transaction…
Collins Appoints TJ Rosengarth As President & CEO
Collins has appointed TJ Rosengarth as President & CEO. Rosengarth succeeds Eric Schooler and assumed responsibilities on February 15. Rosengarth is well known for his extensive background in the wood products industry, including…
Pinnacle Renewable Energy To Be Acquired By Drax Group
Pinnacle Renewable Energy Inc. has entered into an arrangement agreement with Drax Group and its wholly-owned subsidiary, Drax Canadian Holdings Inc., pursuant to which Drax will acquire all of the issued and outstanding…
Robert Jordan, IV Named Timber Processing Magazine 2021 Person Of The Year
Robert Jordan, IV, president and CEO of the Jordan Companies, is the 2021 Timber Processing Person of the Year, 14 years after his father, Bob Jordan, received the annual award, now in its 33rd year. Truly…
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