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
Log Supply A Pressing Lumber Issue In Montana
Collaboration and reform in federal forest management were the main themes Tuesday during a roundtable discussion held in the Flathead Valley by U.S. Sen. Steve Daines, R-Montana. During the first of three such meetings he…
Northwest Hardwoods To Temporarily Curtail Washington Mill Production
A major lumber mill in Centralia, Northwest Hardwoods, has announced plans to temporarily curtail its production, possibly to half its operating capacity, due to the ongoing West Coast port slowdown. Northwest Hardwoods will begin reducing…
Maine’s Pleasant River Lumber Buys Moose River Lumber
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Pleasant River Lumber, Dover-Foxcroft, Maine, is purchasing Moose River Lumber Co., Jackman, Me. Moose River Lumber produces more than 85MMBF annually of kiln-dried, dimension spruce lumber. The company is known for…
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.