Westervelt Announces New COO
The Westervelt Company has announced a new Chief Operating Officer role, to be filled by Cade Warner effective January 1, 2023. Warner is currently Chief Sustainability Officer for Westervelt. In his new role, he will be responsible for the five business operations of The Westervelt Co.—Forest Resources, Wood Products, Ecological Services, Real Estate and New Zealand, as well as Business Development and Information Services. He will work closely with President and CEO Brian Luoma in overseeing operations and implementing the strategic plan of The Westervelt Co.
“We are continuing to prepare our next generation of leaders,” says Luoma. “I have tremendous confidence in Cade’s leadership ability as we continue our focus on disciplined growth, operating sustainably and ensuring that we promote operational excellence across the company. This is an exciting move for us as we work to constantly improve the effectiveness of our organization.”
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Oregon Truckers File Suit Against State
Rob Freres, president of Oregon-based Freres Engineered Wood, a manufacturer of lumber, veneer, plywood and mass timber, has thrown in his support for a lawsuit filed by the Oregon Trucking Assn. and three Oregon-based trucking companies against the state of Oregon for overcharging truckers under the weight-mile tax.
Hasslacher Enters North America
Austria-based Hasslacher group is acquiring a stake in Element5, a mass timber producer specializing in the design, manufacture and assembly of modern engineered timber buildings. Based near Toronto, Can., Element5 employs more than 100 and produces cross-laminated timber and glued laminated timber for the North American market.
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.
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