besse forest products closes three veneer, lumber operations
The move comes after Besse Forest Products was sold to the Florida-based Hoffmann Family of Companies private equity firm in March 2024, and the company seeks to lower costs across its 10 newly acquired production facilities. Officials with Besse Forest Products said the closures were “due to an unprecedented industry downturn.”
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Weyerhaeuser Buys Plum Creek, May Sell Pulp Mills
From: Panel World Staff Weyerhaeuser Co. and Plum Creek announced a merger that will leave nearly two-thirds majority ownership in Weyerhaeuser shareholder hands. The combined company creates a $23 billion timber REIT (Real Estate Investment Trust) with more than 13...
Universal Forest Products Opens Utah Plant, Will Add 30 Jobs
Grand Rapids, MI-based Universal Forest Products, manufacturer of wood and wood-alternative products, pressure-treated lumber, and engineered wood products, opened a new manufacturing plant in Magna, UT this year. General Manager Jon Christiansen told Deseret News...
Composite Panel Association Pinpoints Policy Positions
From: Panel World Staff Jackson Morrill, president of Composite Panel Association, updated the executive committee’s recommendations on “policy positions” with regard to energy/biomass issues that impact wood fiber supply during the September Fall Meeting in Banff,...
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