Industry News
Paper Excellence Group Buys Resolute Forest Products
The Paper Excellence Group (PEG) has signed a deal to buy Resolute Forest Products Inc. in an agreement that values the company at $2.7 billion U.S. In a statement, Patrick Loulou, PEG chief strategy officer, said Resolute is an ideal fit for the…
Lumber Markets Keep Growing
Teal Jones Group marked the beginning of construction of an $110 million SYP sawmill near Plain Dealing, La. on July 11 with a groundbreaking ceremony. Canada-based Teal Jones Group had disclosed in December it was…
PotlatchDeltic Redoing Waldo
PotlatchDeltic Corp. is investing $131 million to expand and modernize its sawmill located in Waldo, Ark. The project will increase the mill’s annual production capacity from 190MMBF of southern yellow pine dimension lumber to 275MMBF. The company…
Weyerhaeuser Led Company Through Key Years
George H. Weyerhaeuser Sr., who served as president and CEO of Weyerhaeuser Co. from 1966 to 1991 during an exciting period of wood products development while encountering new timber supply challenges brought on by an aggressive environmental…
Closing Time
Famously, the last two years have been good times for wood products mills, by and large. Good for them. But does a rising tide truly lift all boats? Apparently not if the wood that built the boats came from Southern loggers. While mills might be doing better than ever, their raw material suppliers seem to be doing worse than ever…
Tidewater To Add Marianna Location
Tidewater Equipment Co. has announced the development of a new location in Marianna, Fla., in an old helicopter site roughly 16,500 sq. ft. in the Marianna Airport Commerce Park, that plans to be in operation toward the end of June. This is…
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