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
7robotics Promotes Joey Koenig To President
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); 7robotics has promoted Joey Koenig to President, effective January 1, 2025. Since joining the company in September 2021, Koenig has been instrumental in transforming 7robotics from a startup into a recognized…
New California Sawmill Receives Boiler Grant
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); A new sawmill in Truckee, Calif. that was approved by county officials in October recently received a $1.5 million grant from the Sierra Nevada Conservancy (SNC) for the purchase of a…
New OSB Project In Alabama Gains Permitting
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Peak Renewables U.S. Inc. has received required permitting for the construction and operation of a greenfield 650MMSF oriented strandboard plant in Enterprise (Coffee County), Ala. Last February, the Enterprise City Council…
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.