TimberHP Expects Long-Term Success
TimberHP, a Maine-based manufacturer of wood fiber insulation, announced that it has filed a voluntary, pre-negotiated Chapter 11 plan of reorganization in the U.S. Bankruptcy Court for the District of Delaware. The plan, according to the company, with the support of its stakeholders, will significantly strengthen the company’s balance sheet and position it for long-term success.
The company states that during the court-supervised reorganization process, business will continue as usual and without interruption, including the production and sales of its two, well received, existing product lines, TimberBatt and TimberFill.
“TimberHP is grateful to its sales partners, vendors, employee partners, and bondholders for standing by the company through this challenging, but necessary process,” comments TimberHP CEO Matthew O’Malia. “TimberHP has an incredible product line, and we are pleased to have the support and capital required to execute our business plan and address the growing demand for sustainable insulation materials in the U.S. construction industry.
The company expects to expedite the Chapter 11 process and emerge from bankruptcy within the coming months to a strengthened financial position and access to growth capital to complete construction of the manufacturing line for its third product, TimberBoard.
Latest News
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…
Forest Products Machinery & Equipment EXPO Announces 2025 Dates
The Southern Forest Products Assn. (SFPA) has announced the 38th Forest Products Machinery & Equipment EXPO will return to the Music City Center in Nashville from August 6-8, 2025. “The move to Nashville in August 2023 exceeded all expectations, and we heard it over and over on the show floor and for weeks after the event from exhibitors and attendees alike,” says Eric Gee, SFPA Executive Director…
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.