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.
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Hampton Lumber Purchases Rebuilt
Atlas Holdings has entered into an agreement to sell RedBuilt, LLC to Hampton Lumber Mills, Inc. Atlas formed RedBuilt with the acquisition of the commercial division of Trus Joist from Weyerhaeuser Co. in 2009. Over the next 14 years, the company became an industry leader in the engineering, design and manufacturing of proprietary wood-based structural solutions serving the low-rise commercial construction market. The transaction is anticipated to close in the first quarter of 2024.
Peak NA, Fehr Purchase RPM
Registration is now available for the 2024 Western Wood Producers Assn. (WWPA) Annual Meeting. The meeting will be held at the Hotel Indigo in Vancouver, Wash., April 14-16. To register for the event visit, https://www.wwpa.org/about-wwpa/annual-meeting. To take advantage of the group rate, visit the Hotel Indigo website, and use group code WWP. The deadline for the group rate is March 14, or until the room block is sold out…
WWPA Opens Annual Meeting Registration
Registration is now available for the 2024 Western Wood Producers Assn. (WWPA) Annual Meeting. The meeting will be held at the Hotel Indigo in Vancouver, Wash., April 14-16. To register for the event visit, https://www.wwpa.org/about-wwpa/annual-meeting. To take advantage of the group rate, visit the Hotel Indigo website, and use group code WWP. The deadline for the group rate is March 14, or until the room block is sold out…
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