Oregon’s Rosboro Announces Sale Of Wood Products Plants

by | Dec 9, 2016 | News

Oregon’s Rosboro Announces Sale Of Wood Products Plants

 

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Wood products manufacturer Rosboro of Springfield on Tuesday announced that it has sold its manufacturing business to Wynnchurch Capital, an Illinois-based investment firm. The sale for an undisclosed amount involves seven manufacturing plants in Oregon, including Rosboro’s main facility at South 28th and Main streets in Springfield.

Wynnchurch Capital, based in Rosemont, Ill., describes itself as a “value-oriented, operationally focused private equity firm that specializes in complex transactions in the U.S. and Canada.”

Last month, Rosboro announced that it had sold its 95,000 acres of timberlands to an investment group managed by Campbell Global, a Portland-based investment firm. Rosboro also declined to disclose the sale price of that deal. Wynnchurch Capital owns 19 companies, according to its website, including manufacturing, building materials and transportation firms.

In a joint press release with Rosboro, Wynnchurch Partner Ian Kirson said, “We are excited to partner with the management team of Rosboro to continue the company’s track record of customer service, quality and innovation. Rosboro has a bright future, and we look forward to supporting the company’s growth.”

Rosboro Chief Executive Scott Nelson said, “Wynnchurch has an outstanding reputation for supporting growth and providing management teams with strategic guidance that fits perfectly into the company’s focus for the future.”

From The Register-Guard

 

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Arizona Project Moves Forward

Arizona Project Moves Forward

by | Jun 19, 2014 | Update

Good Earth Power and Campbell Global (formerly The Campbell Group) officials are implementing the first phase of the ambitious 4 Forests Restoration Initiative (4FRI) across four national forests in Arizona after the original holder of the 4FRI Phase 1 contract couldn’t obtain financing. The unprecedented initiative covers thinning and ecosystem improvement activities on 300,000 acres during the next 10 years (Phase 1), with an overall goal to treat 2.4 million acres in the region.

Pioneer Resources of Montana was awarded the Phase 1 contract by the Forest Service (FS) in May 2012 but couldn’t obtain financing for its business plan, which included a sawmill, fingerjoint plant, furniture component plant and biofuels refinery to process logs and fiber coming off tracts specified in “task orders” generated by the FS and given to the contract holder. The contract was transferred to Oman-based Good Earth Power (GEP) in fall 2013, and in December GEP announced Campbell Global had been hired to manage the woods activities and contractors performing thinning and understory removal.

The big issue in implementing the 4FRI strategy is the lack of forest industry infrastructure in the state. Much of the state’s milling and conversion capacity had closed or downsized after the FS greatly reduced timber sales in the ’80s and ’90s due to old-growth timber and Mexican spotted owl issues. Pioneer had planned to build its facilities in Winslow, Ariz., but Good Earth officials have already received approval from the Forest Service to locate facilities in Williams, which is closer to the initial 4FRI task order project areas in the western part of the state. Most of the initial projects are in the Kaibab and Cococino national forests near Williams.

Officials with Good Earth have yet to announce the actual facilities planned for Williams and would need approval from the Forest Service to significantly alter terms of the original contract. At the press conference announcing the new contract holder last fall, Good Earth Power Global CEO Jason Rosamond said the company would follow the initial wood products facilities plan, but was also exploring wood fuel pellet production and biofuels as well.

Currently, Good Earth is concentrating on efficiently handling log and fiber production from the task order projects and developing a plan for the Williams site. The furniture plant is not being actively pursued at this time.