NW Hardwoods Sold to AIP
Weyerhaeuser Co. has sold its hardwood lumber business, Northwest Hardwoods, to American Industrial Partners (AIP), which will operate the business as Northwest Hardwoods, Inc., headquartered in Tacoma, Wash.
T.J. Rosengarth, most recently the COO of Flakeboard and a long-time officer for companies in the composite panel industry, becomes CEO of Northwest Hardwoods, Inc.
Northwest Hardwoods, Inc., with approximately 1,000 employees, sells hardwood lumber through its seven primary sawmills, four concentration yards, four remanufacturing plants and one merchandising log yard, all in the U.S.
American Industrial Partners is a private equity firm.