In Canada, Where There’s Smoke There’s Fire
Wildfires are once again raging in Canada, impacting air quality but also lumber supplies for the North American market. The most immediate sign of the fires has been the effect on the atmosphere, creating smoke conditions in the northern United States. However, this year’s wildfires are once again destroying millions of acres of forest, a […]
New Legislation Introduced to Support Modernizing Sawmills
Even as the U.S. Congress remains deeply divided, a new bipartisan bill has been introduced into the Senate. The proposed legislation comes from Oregon Senator Jeff Merkley and Montana Senator Tim Sheehy and is called the “Supporting American Wood and Mill Infrastructure with Loans for Longevity (SAWMILL) Act.” It would support mills around the nation by […]
Are Lumber Prices Stabilizing as 2025 Approaches?
New data suggests that pricing for lumber will be more predictable giving builders more confidence in pricing. Madison’s Lumber Reporter, the well-regarded source for pricing information, is forecasting more stability going forward for lumber producers and end-users. “Given that the macroeconomic indicators and specific factors affecting the lumber industry last year are well known,” Keta […]
Besse Forest Products Shutting Down 3 of 4 Facilities
The Wisconsin company blamed the industry downturn for its decision to shut down its mills in early August. Besse cited market conditions for its decision to shut down three of its four mills in Wisconsin, according to press reports. The filings to shut down were dated Aug. 1 and the company said it would begin […]
Forest Wildfire Smoke Signals Bigger Issues for Lumber Industry
Smoke from those Canadian forest wildfires is not only wreaking havoc with outdoor activities in the U.S. but also driving up lumber prices and shutting down sawmills north of the border. The fires were an inconvenience and health hazard to those going outside and even resulted in some Major League Baseball games being canceled but […]
One Equity Partners Acquires and Merges USNR and Wood Fiber Group
NEW YORK – One Equity Partners (“OEP”), a middle market private equity firm, today announced that it has completed the acquisition of USNR, the world’s most comprehensive supplier of equipment and technologies for the wood processing industry, and Wood Fiber Group, a leading manufacturer and supplier of sawmill consumables, parts, and services. Headquartered in Woodland, […]
Lyme Timber and Rossi Group Acquire Danzer Sawmill
A joint venture between the Rossi Group and The Lyme Timber Company LP has acquired Danzer Hardwood Lumber’s Bradford, PA sawmill, kilns, and related assets.
Rayonier Sells Six Lumber Mills to GreenFirst Forest Products
News Release Jacksonville FL — Rayonier Advanced Materials Inc. (NYSE: RYAM), a producer of high purity cellulose pulp, and GreenFirst Forest Products Inc. (TSXV: GFP), a Canadian lumber company, entered into a binding asset purchase agreement. Under the terms of the deal, Rayonier has agreed to sell all of its lumber and newsprint facilities and […]