Boise Cascade Acquires Tennessee Distributor

by Web Editor | Mar 14, 2018 | News

Boise Cascade Acquires Tennessee Distributor

Boise Cascade Company is acquiring Lumberman`s Wholesale Distributors, a Nashville, Tenn.-based distributor of engineered wood products, commodity lumber items, and specialty building materials. The acquisition is expected to be complete in the coming weeks. Terms of the deal were not disclosed.

“We are very pleased to welcome the Lumberman`s associates to Boise Cascade. They have been an excellent distributor for nearly 50 years,” said Nick Stokes, executive VP of Boise Cascade Building Materials Division. “This location will allow us to strengthen our nationwide presence and satisfy a growing demand for our products and services in the Tennessee Valley and Central Kentucky markets.”

Founded in 1969, Lumberman’s supplies pro dealers, millwork houses, and manufacturers. “We are excited to join Boise Cascade,” said Garey Keltner, president, Lumberman`s Wholesale. “We believe there is a strong cultural and strategic fit that will allow us to grow and continue to serve our customers.”

Last month Boise Cascade reported fourth quarter 2017 net sales of just over $1 billion, up 19% from fourth quarter 2016 net sales of $919 million. For the full year, the engineered wood products and building products supplier reported sales of $4.43 billion, a 13% increase from sales of $3.91 billion in 2016.

The Boise, Idaho-based company also recently reported a fourth quarter net income of $19.1 million, soaring well above a fourth quarter 2016 net income of $4 million. For the full year Boise Cascade reported a net income of $83 million, increasing 117% from a net income of $38.3 million in 2016.

From HBS Dealer: hbsdealer.com

Egger Invests More Than $42 Million In North Carolina

Egger Wood Products has announced the start of production on a third lamination line at its Lexington, N.C. facility. The $21 million investment will expand the company’s thermally fused laminate (TFL) production capacity by 50%, increasing production to more than 155 million sq. ft. per…

Büttner Expands Product Range

As a globally operating supplier of burners as well as drying and energy plants, Büttner—a member of the Siempelkamp Group—is taking the next logical step by establishing a new environmental technology competence center in Kaiserslautern, Germany, and expanding its product range in the field of environmental…

Tolko Plans High Prairie Rebuild

Tolko Industries Ltd. has commissioned Dieffenbacher to supply the core components of a new OSB line at High Prairie, Alberta, Can. On May 20, 2022, a fire in the press building damaged beyond repair a Dieffenbacher 12-opening press, which Tolko had commissioned in 1995, and much of the surrounding…

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Weyerhaeuser Posts Growth From Wood Products

by Web Editor | Mar 12, 2018 | News

Weyerhaeuser has announced that its Wood Products division ended the fourth quarter of 2017 with much better revenues and earnings than one year earlier. Average sales prices had increased in all product segments, with the highest growth rate of almost a third reported for OSB. Sales volumes, which include amounts purchased through the Distribution division, improved for the most part. Softwood plywood (-15.9%) and MDF (-22.4%) were the only products to see lower sales. The division’s consolidated revenues thus rose 19.0% to US$1.228bn.

EBITDA adjusted for extraordinary items from OSB activities leapt to US$104m. The division as a whole saw its EBITDA adjusted for extraordinary items almost double to US$258m. As in the two previous quarters, operating income was hit by high costs for the remediation of defective I-joists and ended up at US$180m. The company created reserves of US$50m to resolve this issue in the fourth quarter. These reserves now add up to US$290m. Weyerhaeuser reported that remediation work had been completed in 99% of affected new buildings by the end of January.

From EUWID: https://www.euwid-wood-products.com/news/miscellaneous/single/Artikel/weyerhaeuser-posts-growth-from-wood-products.html

Roseburg Forest Products To Acquire Canada’s Pembroke MDF

by Web Editor | Mar 7, 2018 | News

Roseburg Forest Products To Acquire Canada’s Pembroke MDF

Oregon-based Roseburg Forest Products recently reached an agreement in principle with Pembroke MDF, Inc. to purchase Pembroke’s medium density fiberboard (MDF) and molding production facilities located in northeastern Ontario, Canada. Upon final due diligence and Board of Director approval, the parties expect the sale to close by April 9, 2018.

The acquisition will be Roseburg’s first international purchase and will continue the company’s expansion throughout North America. Roseburg is currently building an engineered wood products plant in Chester, S.C., and recently acquired 158,000 acres of timberland in Virginia and North Carolina.

“The Pembroke plant and its employees present untapped potential that can be used to better serve existing and future customers of our innovative and versatile MDF product line,” said Mark Avery, Roseburg Senior Vice President of Industrial Products and National Accounts. “It’s an exciting opportunity for Roseburg to move into the northeastern region and further diversify our operations and meet demand.”

Roseburg currently owns and operates an MDF plant in Medford, Ore., which produces the company’s Arreis, Medite, Medex, Permacore and Fibrlite product lines. “The addition of the Pembroke MDF plant means Roseburg customers will have access to a broader portfolio of products from a company with a demonstrated, long-term commitment to the industry,” said Jim Buffington, Roseburg’s Business Director for Industrial Products.

“While this deal represents an excellent strategic opportunity for the company, it also offers Pembroke employees and suppliers the promise of stability and consistency provided by Roseburg’s large manufacturing enterprise,” Roseburg President and CEO Grady Mulbery said. “This is a win-win for everyone involved, and we look forward to what the future will bring.”

Roseburg Announces Massive Investment

In a much-anticipated announcement, Roseburg Forest Products revealed in last week its plan to invest $700 million during the next four years to upgrade and expand its manufacturing operations in southern Oregon, including the construction of a MDF facility in Dillard, current site of multiple operations and where the company was founded nearly 90 years ago. The total investment package includes the creation of two new manufacturing plants, and technological improvements and upgrades at existing plants in rural Douglas and Coos counties…

LP Adds New VPs

LP Building Solutions (LP) has announced that Libby Berman has been named Vice President, Chief Tax Officer and Bob Hopkins has been named Vice President, Treasurer. “Bob and Libby have been invaluable contributors to the LP team for many years now,” says LP Executive Vice President and Chief Financial Officer Alan Haughie…

Con-Vey Promotes Joe Buck To Product Manager

Con-Vey has announced the promotion of Joe Buck from Sales Engineer to Product Manager, having been with the company for nearly four years. In his new role, Buck will lead the strategy development and execution of several products at Con-Vey, including particle board, MDF, and…

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HPVA Rebrands As Decorative Hardwoods Association

by Web Editor | Mar 5, 2018 | News

Hardwood Plywood & Veneer Association has just rebranded as the Decorative Hardwoods Association and launched an easy-to-navigate website packed with resources for trade professionals, manufacturers, and consumers.

“This name change will better describe our diverse membership of North American hardwood plywood, engineered wood flooring, and hardwood veneer manufacturers,” said Don Finkell, chairman of the board of directors of Decorative Hardwoods Association.

The new Decorative Hardwoods Association website highlights the benefits of American-made, real wood products. “We are passionate about showcasing the beauty and craftsmanship of real engineered wood and demonstrating our dedication to sustainable forest management and ethical, legal sourcing of timber throughout the world,” said Kip Howlett, president of Decorative Hardwoods Association.

The resources provided by the Decorative Hardwoods Association include where to buy quality, American-made engineered wood products, information on members’ commitment to sustainable forest management, and how certification and testing protect consumers – and the world’s forests. In addition, more opportunities have been added for members to feature their products and services.

“We care deeply about our forests and our products which maximize the yield from those resources,” said Howlett. “Our association is a legacy that has been handed down from one generation to the next for more than 97 years.”

SmartLam Eyes $22 Million Maine Expansion For CLT Production

by Web Editor | Feb 19, 2018 | News

SmartLam Eyes $22 Million Maine Expansion For CLT Production

The nation’s first manufacturer of cross-laminated timber plans to set up shop in Maine, with a goal of creating 100 jobs at a $22 million mill, officials said Friday.

SmartLam, LLC of Montana still seeks a mill site, but has committed to building a factory in Maine within 18 months. Founded in 2012, the company produces more than 1 million board feet of the engineered wood product per month and employs 40 people in Montana’s Flathead Valley, SmartLam President Casey Malmquist said. “It is down to two sites right now,” Malmquist said in a telephone interview on Friday. “I’m just waiting to get further feedback on both of those sites and then we will be making our decision.”

“I don’t want to disclose them because I don’t want to influence the deal,” he added. “I think if they can kind of come up organically on their own rather than be influenced by one another it would be a more straightforward deal.”

SmartLam is the second maker of cross-laminated timber, a composite wood strong enough to replace steel and concrete in some types of high-rise buildings, to announce Maine expansion plans this week.

LignaTerra Global LLC of Charlotte, North Carolina announced plans at Husson University on Tuesday to build a $30 million, 300,000-square-foot factory to produce CLT in Millinocket. The company hopes to break ground in July and start production in 12 months with more than 100 workers.

From Bangor Daily News: bangordailynews.com.

PELICE Adds Keynoters, Exhibitors

Organizers of the eighth Panel & Engineered Lumber International Conference & Expo (PELICE) have announced a partial list of keynote speakers for the event, which will be held Thursday-Friday, March 31 to April 1, 2022 at the Omni Hotel at CNN Center in downtown Atlanta, Georgia, USA…

Forest Service Says 4FRI Is Still Alive

Following its cancellation of the Phase 2 Request for Proposal (RFP) and bid selection in September, which caught everybody by surprise, the Forest Service “has gone back to work” on how to move forward with stewardship and treatment of the 520,000 acres that was included in Phase 2, which was part of the 4 Forests…

CalPlant I Regroups, Sale Is Possible

CalPlant I, LLC, which took 25 years to develop and build a rice straw-based medium density fiberboard plant and produce its first board late last year in Willows, Calif., has voluntarily filed for Chapter 11 bankruptcy protection and intends to conduct a court-supervised sale process…

NewLife Gains Full Production

NewLife Forest Restoration has ramped up production at its new engineered wood products plant in Bellemont, Ariz., while also increasing forest restoration work in service of its 4 Forest Restoration Initiative (4FRI) Phase 1 Forest Service stewardship contract that seeks to thin and treat more than 300,000 acres at risk of…

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North Carolina Company Planning CLT Plant In Maine, Promises 100 Jobs

by Web Editor | Feb 16, 2018 | News

A North Carolina manufacturer plans to create more than 100 jobs by becoming Maine’s first producer of a composite wood strong enough to replace concrete and steel in high-rise buildings.

LignaTerra Global LLC of Charlotte announced plans at Bangor’s Husson University on Tuesday to build a $30 million, 300,000-square-foot factory to produce cross-laminated timber. Planning to build on a 35-acre portion of Millinocket’s 1,400-acre former Katahdin Paper Co. LLC site, the company hopes to break ground in July and start production in 12 months, said Nick Holgorsen, CEO and co-founding partner of LignaTerra.

One of two cross-laminated timber manufacturers in the country, LignaTerra aims to be the first investor to revitalize the site since parent company Brookfield Asset Management closed Katahdin Paper in 2008, laying off 208 workers and crippling a Katahdin region economy that had been home to world-class papermaking for more than a century. The failure of a more recent effort — Cate Street Capital’s proposed pellet mill — left current site owner Our Katahdin, a nonprofit economic development group, about $1.5 million in inherited tax debt.

LignaTerra leaders declined to say how much of the $30 million they will provide. The project’s private investors will be announced in several weeks and the company is working to secure tax breaks, said Brien Walton, director of the Center for Family Business at Husson University, who helped broker the deal.

“The bottom line is that if they wanted to do it all cash, right now, that is something that could be done, but we are trying to get the right parties and the right partners and to aggregate something that will be beneficial to the region and also sustainable to the long term,” Walton said during Tuesday’s news conference.

From the Bangor Daily News: https://bangordailynews.com/2018/02/13/business/latest-bid-to-revive-shuttered-katahdin-mill-promises-100-jobs/