Resolute Forest Products Inc. entered into an agreement to acquire Conifex Timber Inc.’s three sawmills in the U.S. South for $163 million plus working capital estimated at $7 million. The three sawmills, with combined production capacity of 550MMB, are located in Cross City, Florida; and Glenwood and El Dorado, Arkansas.
Production capacity for Cross City is 185MMBF and it is currently operating on a two-shift basis. Glenwood’s capacity is also 185MMBF and is operating on a 1.5 shift basis. The El Dorado mill, with capacity of 180MMBF, was recently idled. Resolute intends to build on Conifex’s capital investments in recent years, including $55 million at El Dorado, $23 million in Glenwood and $12 million in Cross City.
U.S. housing starts dipped slightly in September to a seasonally adjusted rate of 1.555 million, down 1.6% from August, but 7.4% above September 2020, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly…
By customer request Mellott Manufacturing Co., Inc. is now offering the model 70E log flare butt reducer—designed and built with the same rugged quality as the LMR debarkers and all the Mellott product lines. Adding a log flare butt reducer to a mill infeed system will vastly reduce log handling problems…
USNR and Wood Fiber Group have announced their merger. USNR is an industry-leading global supplier of sawmill and plywood mill machinery, aftermarket parts, and technical and engineering services. Wood Fiber Group is the largest supplier of cutting tools and filing room equipment to the wood products…
George W. Varn, Sr., who broke into the family turpentine business following World War II, and then along with a cousin built a chip mill and a sawmill in the late 1960s in Hoboken, Ga., called Varn Wood Products, and who became one of the patriarchs of the southern pine lumber industry, died September 4 in St. Vincent’s Hospital in Jacksonville, Fla., the same hospital…
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