Resolute Forest Products Purchasing Three Sawmills
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.
Latest News
Lumber Producers Brace For End Of Long Truce In U.S.-Canada Lumber Wars
Canada’s lumber producers should be a happy lot. The U.S. housing market is coming back, exports are rising and the Canadian dollar is cheap. But the industry has a wary eye on its own version…
New Montana Sawmill Bucks Logging Industry Trends
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Bill Fenner has cut timber along the Rocky Mountain Front for decades, but the logging industry in the 21st century isn’t what it was 30 years ago. Tightening regulations, slimmer profit…
Odd Winter Means Wood, Lumber Is Piling Up In Oregon
With the deep freeze that has inundated the eastern half of the United States contributing to the drop, prices for logs and lumber processed on the West Coast have dipped over the last couple of…
Find Us On Social
Newsletter
The monthly Timber Processing Industry Newsletter reaches over 4,000 mill owners and supervisors.
Subscribe/Renew
Timber Processing is delivered 10 times per year to subscribers who represent sawmill ownership, management and supervisory personnel and corporate executives. Subscriptions are FREE to qualified individuals.
Advertise
Complete the online form so we can direct you to the appropriate Sales Representative.