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Mergers and Acquisitions

PRICE GUIDE REVISIONS BEGIN April 8. More information is available at the Price Guide Revisions page

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Atlantic Forest Products continues expansion
Atlantic Forest Products has announced the establishment of two strategic new businesses located in Lake Oswego, Ore., and Stockton, Calif. The Lake Oswego group is headed by Bart Bartholomew, and is comprised of 12 highly regarded traders servicing accounts throughout the U.S. California distribution is headed by Bruce Garrett, and operates out of an eight-acre facility located at the Port of Stockton, which is served by the UP and BN railroads.

Countdown to Crow's, Random Lengths merger
As previously announced, from the end of the first quarter 2019, Crow’s will be merged with Random Lengths into a new offering combining the strengths of both services. This follows Fastmarkets RISI’s acquisition of Random Lengths in the summer of 2018. Following the merger, customers will receive single publications for Midweek, the online weekly lumber and panel market reports, and the weekly report. For a list of price guide changes, click here...

Vanport Canada consolidating with parent company
Effective in early Q2, Vanport Canada will be consolidating all administrative and documentation functions to their parent company Vanport International. While this move will mean closing the physical office in Vancouver, B.C., Vanport Canada will continue to have an active salesforce to support the current and growing customer base. We fully expect that there will be no interruption in the service you have come to expect from Vanport Canada.

Natron to acquire Willamette Valley FP
Natron Wood Products, Jasper, Ore., has agreed to acquire Willamette Valley Forest Products as of March 1, 2019. This will enable Natron to serve the distribution systems covering the South, Southeast, and Midwest. Michael Atkerson, founder and president since 2013, has 38 years in the forest products industry and will continue to run Willamette Valley Forest Products.

Sherwood Lumber sells NE, MA engineered lumber business to U.S. LUMBER
Sherwood Lumber has sold substantially all of the assets comprising its Northeast & Mid-Atlantic engineered lumber business to US LUMBER. This transaction is part of Sherwood’s plan to focus on its largest and most successful component, the wholesale distribution of forest products. For US LUMBER this a perfect addition to their expanding engineered lumber business. For more, click here...

Universal signs agreement to acquire Wolverine Wood Products
Universal Forest Products, Inc. (NASDAQ: UFPI) announced that one of its affiliates has signed an agreement to purchase the operating assets of Wolverine Wood Products, Inc. Founded in 2008 in Grand Rapids, Mich. by Mike and Bernadette Petersen, Wolverine Wood Products manufactures wood panel components for furniture, store fixtures, and case goods, with anticipated annual sales of $5 million. For more, click here...

IFP announces agreement to acquire distributor in England
International Forest Products LLC (IFP) is pleased to announce an agreement to acquire all of the equity of Price and Pierce Forest Products Ltd., subject to due diligence. Based in Woking, England, Price and Pierce is a major distributor of timber and panel products providing just-in-time service for UK merchants and retail groups. For more, click here...

Roseburg completes acquisition of MDF plant
Roseburg Forest Products and PotlatchDeltic Corporation (NASDAQ:PCH) announced today that they have completed the previously announced purchase and sale of the assets of the PotlatchDeltic subsidiary Del-Tin Fiber LLC, including its medium density fiberboard (MDF) plant located in El Dorado, Ark. For more, click here...

BMC acquires Locust Lumber
BMC Stock Holdings, Inc. (Nasdaq: BMCH) (“BMC” or the “Company”), a leading provider of diversified building products, services and innovative building solutions in the U.S. residential construction market, announced today that it has acquired Locust Lumber (“Locust”), a respected supplier of lumber products and building materials primarily to custom homebuilders and professional remodelers in Charlotte, NC. Established by Roy Huneycutt in 1952, Locust generated $53 million in net sales for the full year 2018. For more, click here...

Timber Products Inspection acquires Stafford
Timber Products Inspection, Inc., Conyers, Ga., is pleased to announce that effective January 31, 2019, they have entered into an agreement to acquire Stafford Inspection & Consulting Services, LLC. Stafford is currently headquartered in Orlando, Fla. Both TP and Stafford have been providing professional inspection and certification services for over 50 years and are well recognized in the industry.

Western Forest Products completes acquisition of Columbia Vista
Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) announced today the completion of its previously announced acquisition of certain assets of Columbia Vista Corporation and related entities (collectively “Columbia Vista”) located in Vancouver, Wash. For more, click here...

Boise Cascade to sell North Carolina plywood mill
Boise Cascade Company (Boise Cascade) (NYSE: BCC) has entered into an agreement with an affiliate of Southern Veneer Products (Southern Veneer) to sell its plywood operations in Moncure, N.C. Founded in 1998, Southern Veneer, located in Fitzgerald, Ga., is a privately-held manufacturer of high-quality plywood, veneer and wood by-products. For more, click here...

Grading agency merger finalized
Pacific Lumber Inspection Bureau (PLIB) and West Coast Lumber Inspection Bureau (WCLIB) have merged operations into a single entity. The surviving organization, PLIB, will retain all of the trademarks and services formally offered by WCLIB, including the structural glued laminated timber certification services of the American Institute of Timber Construction (AITC) a role WCLIB had assumed since January 2013. PLIB President Jeff Fantozzi will lead the new combined organization, from its headquarters office in Federal Way, Wash. For more, click here...

Roseburg to acquire Arkansas MDF plant
Oregon-based Roseburg Forest Products recently reached an agreement in principle with PotlatchDeltic Corp. to purchase the assets of its subsidiary Del-Tin Fiber LLC, including its medium density fiberboard (MDF) plant located in El Dorado, Ark. The parties expect the sale to close in the first quarter of 2019 after required regulatory approval. The El Dorado MDF plant will continue to operate independently of Roseburg until the transaction closes. For more, click here...

Western FP announces sale of ownership interest in Port Alberni Forest Operation
Huu-ay-aht First Nations (“Huu-ay-aht”) and Western Forest Products Inc. (TSX: WEF) (“Western”) have reached an agreement whereby Huu-ay-aht will acquire a 7% interest from Western in a newly formed Limited Partnership for $7.2 million, subject to closing adjustments. The assets of the Limited Partnership will consist of certain Western assets in its Port Alberni Forest Operation, including TFL 44 and other associated assets and liabilities. For more, click here...

Western Forest Products acquires Columbia Vista
Western Forest Products Inc. (TSX: WEF) announced November 20 that a wholly owned subsidiary of Western has entered into an agreement to acquire the assets of Columbia Vista Corporation and certain related entities (collectively “Columbia Vista”) located in Vancouver, Wash., for consideration of US$30.5 million, including working capital of US$6.7 million. Working capital to be acquired is subject to a final determination at closing. Columbia Vista is a lumber manufacturer that focuses production on Douglas Fir specialty products for the Japanese and U.S. markets. For more, click here...

PLIB, WCLIB announce merger
Members of the Pacific Lumber Inspection Bureau (PLIB) and the West Coast Lumber Inspection Bureau (WCLIB) have agreed to merge, bringing together two of the original lumber grading agencies on the West Coast. The merger is subject to conditions to close and would be effective January 1, 2019. Both WCLIB and PLIB are accredited by the American Lumber Standards Committee (ALSC) to provide grade inspection and supervision services for lumber, heat-treated wood, wood packaging and densified pellet fuels. WCLIB is also accredited by the International Accreditation Service (IAS) for metal plate connected wood trusses, structural glued laminated timbers and cross-laminated timbers, while PLIB is accredited by the Canadian Lumber Standards Accreditation Board (CLSAB) for grade inspection and supervision services lumber, heat-treating and wood packaging in Canada as well as CE marking.

Canfor to acquire majority interest in VIDA Group of Sweden
Canfor Corporation announces that it has entered into an agreement to purchase 70% of the VIDA Group (“VIDA") of Sweden for a purchase price of 3,990 million Swedish Krona (approximately CAD$580 million) on a cash and debt free basis, which includes CAD$125 million (70%) of normalized working capital. The current owners of VIDA will retain a 30% interest and continue to manage the day-to-day business. For more, click here...

Canfor still believes in B.C., CEO says
Canfor Corp. CEO Don Kayne said Thursday the lumber and pulp and paper producer remains committed to British Columbia despite the company signing a deal to buy a majority stake in a Swedish sawmill company. In a teleconference with media following the announcement, Kayne said the majority of Canfor's production continues to be in British Columbia and the company will remain headquartered in Vancouver. For more, click here...

Canfor to acquire Elliott Sawmilling
Canfor Corporation (TSX: CFP) announced it has entered into an agreement to purchase Elliott Sawmilling Co., Inc. located in Estill, S.C., for a purchase price of US$110 million, which includes normalized working capital. The purchase price represents a 4.3 times EBITDA multiple based on Elliott's 12 months trailing EBITDA. The transaction will be completed in two phases with 49% being acquired on closing and 51% being acquired one year later. For more, click here...

Tolko announces 50-50 joint venture in Mississippi
Vernon, B.C.-based Tolko Industries has entered into a 50-50 joint venture partnership with Southeastern Timber Products (STP), a lumber mill in Ackerman, Miss. The mill will be known as Southeastern Timber Products LLC, an STP-Tolko Partnership. For more, click here...

Boise Cascade reaches agreement to acquire Arling Lumber
Boise Cascade Company (Boise Cascade) (NYSE:BCC) announced today an agreement to acquire Arling Lumber, Inc., headquartered in Cincinnati, Ohio. Arling is a third generation, family-owned and operated wholesale distributor of top quality lumber as well as plywood, OSB and engineered wood products. For more, click here...

Gillfor Distribution announces acquisition
Gillfor Distribution Inc., Woodstock, Ont., parent company to OWL Distribution Inc., McIlveen Lumber Industries Ltd. and Brown & Rutherford Co., is pleased to announce the purchase of Brunswick Valley Distribution Inc., the Atlantic Canadian distribution arm of parent company Brunswick Valley Lumber Inc. Brunswick Valley Distribution is headquartered in Fredericton, NB and operates a distribution facility in Moncton, NB. Brunswick Valley Distribution will continue to service customers in Atlantic Canada adding market-leading products beginning January 1, 2019, including composite decking, aluminum railing, a variety of specialty softwoods, and more.

Timber Products, Panolam announce West Coast partnership
Timber Products will become a West Coast supplier of Panolam Thermally Fused Laminate (TFL) as a part of its Spectrum division’s product line. Panolam sold their Albany, Ore. TFL production facility in July and has been looking for a partnership to enhance its offerings for West Coast clients. Timber Products’ manufacturing capabilities and distribution network made this an ideal fit for both companies. For more, click here...

Boise Cascade agrees to sell Oregon mills to Woodgrain Millwork
Boise Cascade Company (Boise Cascade) (NYSE: BCC) has entered into an agreement with Woodgrain Millwork to sell its northeast Oregon lumber mills in Pilot Rock and La Grande and the particleboard operations in Island City. The planned transaction does not include Boise Cascade’s plywood mill or the powerhouse and log utilization center, based in Elgin, Ore. Woodgrain is a manufacturer and supplier with a diverse product offering including molding, door shop products, and window parts, headquartered in Idaho.

Wildwood Trading Group named exclusive sales agent for Vaagen Bros.
Vaagen Bros. Lumber Co. (VBL) of Colville, Wash., and newly formed Wildwood Trading Group (WTG) of Tualatin, Ore., have announced an agreement whereas WTG will become the exclusive sales agent for all three of Vaagen’s Northwest lumber sawmills. As part of the agreement, the current sales staff of VBL will be transitioning over to WTG sales team effective September 10, 2018 and share joint sales responsibility with the Tualatin office. The Washington portion of the WTG sales group will remain in Colville and report directly to the Tualatin office. John Branstetter will be the General Mill Sales Manager, Hanna Smith, Greg Martin and Mick Vaagen are Mill Sales Representatives and stationed in Colville. Field sales specialists Paul Waldon, Bruce Bergquist and Mike Gannon will represent the new company from their current office locations. For further information, please contact Mike Phillips at or John Branstetter at

U.S. LBM acquires Blevins Building Supply
U.S. LBM Holdings, LLC (“U.S. LBM”), a leading distributor of specialty building products in the United States, has acquired Blevins Building Supply, a building materials distributor with five locations in western North Carolina and one in southern Virginia. Founded in 1946 by Quincy and Wayne Blevins, Blevins Building Supply is a provider of specialty building materials, including roofing, cabinetry, windows, appliances, insulation and paint, to professional customers and homeowners in North Carolina and southern Virginia. For more, click here...

Taiga purchases Exterior Wood
Employees of Exterior Wood Inc., in Washougal, are expected to keep their jobs, following the company’s sale to a Canadian wholesale distributor of building materials. Taiga Building Products Ltd., of Burnaby, British Columbia, has purchased Exterior Wood for $42 million. For more, click here...

Andersen Corp. announces sale of division to Ply Gem
Andersen Corporation, America’s premier window and door manufacturer, today announced that it has signed a definitive agreement to sell its hollow core vinyl window and patio door business, including the Silver Line and American Craftsman brands, to Ply Gem, a leading manufacturer of building products used in both new construction and home repair and remodeling across the United States and Canada. For more, click here...

U.S. Lumber to acquire Alexandria Moulding
U.S. Lumber Group, LLC and Alexandria Moulding announced today that they have signed an agreement under which U.S. Lumber will acquire Alexandria Moulding. U.S. Lumber, based in Atlanta, is a leading two-step distributor of specialty building products in the Eastern and Midwestern United States. Alexandria Moulding, headquartered in Alexandria, Ontario, Canada, is a leading manufacturer and two-step distributor of a full range of mouldings and accessories across all of Canada and the northern United States.

Maibec selling two lumber mills to Groupe Lebel
Maibec is happy to announce that it concluded a transaction with Groupe Lebel of Rivière-du-Loup for their acquisition of the Maibec lumber mills located in St-Pamphile, Quebec and Masardis, ME. The 315 employees of Maibec that are concerned by this transaction will maintain their employment with Groupe Lebel. As both companies are privately owned, the details pertaining to this transaction will not be made public and no additional comments will be provided. For more, click here...

RISI announces acquisition of Random Lengths
RISI, Inc., a leading information provider for the global forest products industry, announced today that its parent company, Euromoney Institutional Investor PLC, has acquired Random Lengths, a leading price reporting agency ("PRA") for the wood products industry. Founded in 1944, Random Lengths provides unbiased and consistent price assessments and market reporting for the global wood products industry, with a core focus on the North American lumber and panels markets, publishing over 1,500 prices each week. Random Lengths will complement and expand RISI's existing wood products price reporting. For more, click here...

ARAUCO announces acquisition in Oregon
ARAUCO, a global producer of wood products, today announced the purchase of Panolam's industrial assets located in Albany, Ore. The acquisition continues the expansion of the company's presence in the North American market. The Panolam complex, which will be called Albany Treating and Lamination (ATL), is situated approximately 10 miles from ARAUCO's existing particleboard and TFL operations in Albany. The site includes two thermally fused lamination lines with an annual installed capacity of 120,000 msf (212,000 m3), as well as two impregnation lines and warehouse capacity. For more, click here...

Conifex completes acquisition of sawmills in U.S. South
Conifex Timber Inc. announced July 9 that it has completed the acquisition of the Suwannee sawmill in Cross City, Fla., and the Caddo River sawmill in Glenwood, Ark. The Company also announced that, in connection with the completion of the transaction, Charles P. Miller and George R. Judd have been appointed to the board of directors of Conifex. Ken Shields, Conifex's President and CEO, stated: "We are pleased to announce the completion of this transformative transaction, which significantly increases our presence in the U.S. South, a region that is home to some of the fastest growing housing markets in the U.S." For more, click here...

Cedar Creek rebranding to BlueLinx
BlueLinx Holdings Inc. (NYSE:BXC), a leading distributor of building and industrial products in the United States, today announced that it would conduct the business of Cedar Creek and all of its subsidiaries under the BlueLinx brand. “This news is representative of our evolution to come together as one team. We are excited to continue providing outstanding service to our customers and great representation for our vendor partners as one company, under one name.” said Mitch Lewis, President and Chief Executive Officer.

Taiga acquiring Exterior Wood
Taiga Building Products Ltd., the Burnaby, British Columbia, Canada-based wholesale building products distributor, has entered into an agreement to acquire Exterior Wood, Inc. Terms of the deal call for a subsidiary of Taiga to acquire all of the issued and outstanding common shares of Exterior Wood for a price of about US$42 million. Exterior Wood has been operating a wood treatment facility and distribution center in Washougal, Wash., since 1977, and services retail building supply centers throughout the western United States and Canada with a wide array of pressure treated products. For more, click here...

Maine's Hammond Lumber acquires EBS Building Supplies
Hammond Lumber Company (Hammond) announced today that it has acquired EBS Building Supplies (EBS), a lumber and building materials company, and all 10 of their coastal locations. The announcement was made today at the location in Ellsworth. Hammond, a third generation, family-owned company since 1953 with more than $250 million in sales, now has more than 800 employees and 21 locations. The company is the largest LBM dealer in Maine and one of the largest independent LBM dealers in the country. For more, click here...

Interpro, Dakeryn join forces with new export company
The sales staff from Interpro Forest Products has joined Dakeryn Industries Ltd., North Vancouver, B.C., to form the Interpro Export Group Ltd.

U.S. LBM acquires Arizona company
U.S. LBM Holdings, LLC (“U.S. LBM”), a leading distributor of specialty building materials in the United States, has acquired Arizona’s R&K Building Supplies. R&K President Chad Coons will be retiring from the company in the coming months and his son Chip Coons, currently vice president of R&K, will continue as president. For more, click here...

Conifex to expand into U.S. South
Vancouver-based Conifex Timber Inc. says it has reached an agreement with Blue Wolf Capital Partners to buy sawmills in Florida and Arkansas that will increase its lumber production capacity by about 50 per cent to 1.1 billion board feet, according to the Times Colonist newspaper. For more, click here...

U.S. LBM Holdings announces acquisition
U.S. LBM Holdings, LLC (“U.S. LBM”), a leading distributor of specialty building materials in the United States, announced today that it has acquired Myrtle Beach Building Supply. With this acquisition, U.S. LBM now operates eight locations across North and South Carolina. For more, click here...

True Value agrees to sale
A special meeting of the True Value board of directors Friday morning announced the results of a proxy vote, and it wasn’t close. In management’s final tally, True Value members voted 85% to pass the deal, which will turn over 70% equity of True Value Company to ACON Investments. Current True Value members will keep 30% equity, as well as receive a $200 million-plus cash payout. For more, click here...

BlueLinx completes acquisition of Cedar Creek
BlueLinx (NYSE:BXC), a leading distributor of building and industrial products in the United States, today announced that it has completed its previously announced acquisition of Cedar Creek, a leading building products wholesale distributor specializing in a wide variety of building products. The combination of BlueLinx and Cedar Creek creates one of the largest wholesale distribution companies in the building products industry, with combined revenue of approximately $3.2 billion in 2017. For more, click here...

AC Summit invests in MJB Wood Group
AC Summit LLC, a holding company representing the interests of some members of the Coors family, has announced an investment in MJB Wood Group, Inc. in Irving, Texas, which is anticipated to close by the end of April. For more, click here...

Koppers to acquire industrial division of Cox Industries
Koppers Holdings Inc. (NYSE: KOP), an integrated global provider of treated wood products, wood treatment chemicals and carbon compounds, reported April 10 that Koppers Inc., a wholly-owned subsidiary of Koppers Holdings, signed an agreement to acquire, and expects to fully close at the end of business today, the acquisition of the Industrial division of Cox Industries, Inc. (Cox Industrial) for approximately $200 million in cash. For more, click here...

Roseburg completes purchase of Pembroke MDF
Roseburg Forest Products announced Monday that it has completed the purchase from Pembroke MDF, Inc. of Pembroke’s medium density fiberboard (MDF) plant and molding production facilities located in northeastern Ontario, Canada. For more, click here...

IFG completes acquisition of fingerjoint mill
Idaho Forest Group is pleased to announce the acquisition of the Merritt Brothers fingerjoint mill in Athol, Idaho, has been completed. According to Erol Deren, V.P. of Sales and Marketing, “This operation will assist IFG in creating more value from the resource while leading us into the value-added fingerjoint market.”

Accenture officially acquires assets of Socco
Accenture Building Materials Ltd., Vancouver, B.C., acquired the assets of Socco Forest Products, Sumas, Wash., on March 28. Socco Forest Products will continue to operate as a custom dry kiln and remanufacturing facility servicing Canadian and American clients. This is Accenture Building Materials' first acquisition in the U.S., vertically integrating its supply chain. “This strategic acquisition exemplifies the strong bond that Canada and the U.S. have in forest products, which we believe will only get stronger given the interdependence of both nations on one another’s lumber and plywood production,” said Rick Sidhu, president of the ABM group. Accenture Building Materials Ltd. was founded in 2008 by Rick Sidhu and is a wholesaler of plywood, OSB, panel products, and lumber located in Vancouver, B.C. serving markets throughout North America.

Universal to buy North American Container assets
Universal Forest Products, Inc. UFPI yesterday announced that one of its subsidiaries will acquire majority assets of Marietta, GA-based North American Container Corporation. Financial consideration of the buyout has not been disclosed. North American Container Corporation specializes in making structural packaging products - including wood/corrugated, laminated bulk boxes, wood replacement, recyclable and reusable packaging products. For more, click here...

IFG acquires Merritt Bros. fingerjoint mill
Idaho Forest Group has agreed to acquire Merritt Bros. fingerjoint lumber mill in Athol, Idaho. According to Erol Deren, Idaho Forest Group V.P. of Sales & Marketing, “This acquisition includes our first venture into the value-added fingerjoint manufacturing process. This site compliments IFG’s six lumber manufacturing mills and supports our continued growth in the Intermountain West.” The transaction should be completed in April.

Accenture acquires Socco Forest Products
Accenture Building Materials Ltd., Vancouver, B.C., has acquired the assets of Socco Forest Products, a Washington State-based custom dry kiln and remanufacturing operation. The acquisition is expected to be completed within the coming weeks, and the terms of the deal have not been disclosed.

Boise Cascade acquires Nashville 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. For more, click here...

BlueLinx agrees to purchase Cedar Creek
BlueLinx (NYSE:BXC), a leading distributor of building and industrial products in the United States, today announced that it has entered into a definitive agreement to acquire Cedar Creek, a leading building products wholesale distributor, a portfolio company of Charlesbank Capital Partners for a purchase price of $413 million on a debt-free, cash-free basis. The purchase price will consist of approximately $345 million in cash and approximately $68 million as the agreed value of the capital leases. The transaction has been unanimously approved by BlueLinx’s Board of Directors and is expected to be completed within 45 days, subject to customary closing conditions and regulatory approvals. The combination of BlueLinx and Cedar Creek will create a leading building products wholesale distributor with one of the largest product offerings in the building products industry, including over 50,000 branded and private-label SKUs, and a distribution footprint of 70 national locations servicing 40 states. For more, click here...

Roseburg to acquire Pembroke MDF in Ontario, Canada
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. For more, click here...

Potlatch and Deltic Timber complete merger
PotlatchDeltic Corporation (NASDAQ:PCH) (“PotlatchDeltic”) announced February 20 the successful completion of the previously announced merger of Potlatch Corporation with Deltic Timber Corporation in an all-stock transaction, creating a leading domestic timberland owner and top-tier wood products manufacturer. All closing conditions for the deal have been met. The combined company has changed its name to PotlatchDeltic Corporation and its shares will trade on the Nasdaq Stock Market under the ticker PCH. For more, click here...

Gillfor Distribution acquires Brown & Rutherford
Gillfor Distribution Inc., parent company to Owl Distribution Inc. and McIlveen Lumber Ltd., has announced the purchase of Brown & Rutherford Co. Ltd., a long-standing, well-regarded distribution company located in Winnipeg, Manitoba. Established in 1872, Brown & Rutherford has a prominent history founded on furniture manufacturing, later evolving into specialty lumber processing and lumber distribution which serves the North American markets today. The acquisition of Brown & Rutherford provides the Gillfor group a strategic distribution location in Manitoba to add to its five existing distribution centers and two reload facilities across Canada.

Pope Resources announces acquisitions
Pope Resources (NASDAQ: POPE) reported that its private equity timber fund, ORM Timber Fund IV (REIT) Inc. ("Fund IV"), completed two acquisitions at the end of January 2018 totaling $113.9 million for 36,900 acres. These acquisitions include 20,000 acres located in southwest Oregon and 16,900 acres in western Washington. For more, click here...

Weekes acquires Snavely Distribution
Tom Le Vere, president of St. Paul, Minn.-based Weekes Forest Products is pleased to announce the acquisition of Snavely Forest Products. Snavely, founded in 1902, operates distribution facilities in Pittsburgh, Pa., Westminster, Md., Greensboro, N.C., Dallas, Texas, and Denver, Colo. For more, click here...

IKEA Group acquires Alabama timberland
IKEA Group (Ingka Holding B.V. and its controlled entities) acquired its first U.S. forest property, covering approximately 25,000 acres in Lowndes County, Alabama. The investment in forestry is part of a broader strategy to invest in the sustainable production of resources that IKEA Group consumes directly, such as energy, or indirectly through its products (wood raw material, recycled materials, etc.). IKEA Group also owns more than 250,000 acres of forest land in Europe, located in Romania and the Baltic States. For more, click here...

Japanese firm acquires Alta
ITOCHU Corp., Tokyo, Japan, has reached an agreement to acquire all of the issued and outstanding membership interests of Alta Forest Products, Chehalis, Wash. Alta is the largest wood fence board manufacturer in North America, according to the press release. For more, click here...

Millar Western acquires Spruceland Millworks
Millar Western Forest Products Ltd. has bought Spruceland Millworks Inc., including its manufacturing operations in Acheson, Alta., and its woodlands assets. Financial terms of the deal were not immediately available. Spruceland is expected to operate as a division of Millar Western under its existing management team and brand. For more, click here...

Culpeper acquires Cox Industries' residential lumber division
Cox Industries, one of the country's largest producers of pressure-treated wood products, announced December 18 that it is selling its Residential Lumber Division assets to Culpeper Wood Preservers, a Virginia-based wood treater with a similar focus on residential lumber. Included in the sale are Cox manufacturing plants located in Orangeburg, South Carolina, Coleridge, North Carolina, Cove City, North Carolina and Branchville, South Carolina. For more, click here...

Arauco acquires Masisa assets in Mexico
Arauco has expanded its global footprint today by strengthening its presence in the North American market with the purchase agreement for Masisa’s industrial assets in Mexico. The agreement involves an investment of $245 million for three industrial complexes located in Chihuahua, Durango and Zitácuaro. For more, click here...

Western Forest Products to acquire Hampton operation
Western Forest Products Inc. (TSX: WEF) today announced that it has entered into an agreement with Hampton Lumber Mills-Washington, Inc. (“Hampton”) to acquire Hampton’s lumber processing and distribution centre in Arlington, Washington. The purchase price of the transaction is approximately $9 million and is anticipated to close in January 2018. For more, click here...

B.C. forest industries merge
The B.C. Council of Forest Industries (COFI) and the Coast Forest Products Association (CFPA) have announced that they are merging into one organization. The forest industry is one of the largest employers in B.C., creating one in every 17 jobs, and contributing $12.9 billion in GDP to the province. For more, click here...

IFG completes acquisition of Montana stud mill
Idaho Forest Group is pleased to announce the acquisition of Tricon Timber's stud mill in St. Regis, Montana, has been completed. The stud mill will reopen as Idaho Forest Group on Monday, December 4.

Rayonier takes long road to close Tembec deal
Almost six months to the day. That was the time it took for Florida-based Rayonier Advanced Materials Inc. to acquire Montreal-based Tembec Inc., a US$900 million transaction that closed Monday. In that deal, Tembec shareholders received $4.75 a share payable in cash, shares or some combination, subject to overall caps of two-thirds cash and one-third stock. For more, click here...

Atlas Engineered Products acquires truss manufacturer
Atlas Engineered Products Ltd. (the "Company" or "Atlas") (TSXVENTURE:AEP), a leading supplier of trusses and engineered wood products, is pleased to announce that it has entered into a letter of intent with Selkirk Truss (2010) Limited ("Selkirk") whereby the Company has agreed to acquire all of the issued and outstanding shares of Selkirk. For more, click here...

IFG acquires Montana stud mill
Idaho Forest Group has agreed to acquire Tricon Timber's stud mill in St. Regis, Montana. The transaction is expected to close by December 1, 2017. According to Erol Deren, Idaho Forest Group V.P. of Sales & Marketing, "The St. Regis sawmill acquisition supports our continued growth and will be an excellent strategic addition to our existing operations in northern Idaho."

Boise Cascade opening new DC in St. Louis
Boise Cascade Company (Boise Cascade) (NYSE: BCC) is pleased to announce the opening of a Building Materials Distribution Center to serve the St. Louis metro and surrounding areas. The new facility in Pontoon Beach, IL, will be open for business on November 15. For more, click here...

CatchMark announces $43 million timberland acquisition
CatchMark Timber Trust, Inc. has acquired 14,923 acres of prime timberlands near the southeast coast of Georgia for $43.3 million, excluding closing costs. The timberlands in Long and McIntosh counties, the Coastal Georgia Acquisition, expand CatchMark's positioning in one of the most competitive wood baskets of the U.S. South, increasing its regional holdings by 36%. For more, click here...

Twin Creeks Timber adds to timberland portfolio
Twin Creeks Timber LLC (“Twin Creeks”), a joint venture originally formed in 2015 in part by Silver Creek Capital Management (“Silver Creek”), today announced that it will add 121,000 acres of timberland to its portfolio. Twin Creeks will purchase 100,000 acres located in the southern U.S. from Weyerhaeuser Company (NYSE: WY) and receive a contribution of 21,000 acres located in the Pacific Northwest from Green Diamond Resource Company (“Green Diamond”). Through the addition of these timber assets, Twin Creeks will increase its southern portfolio to 360,000 acres and add the Pacific Northwest to its portfolio. The timberland transactions are expected to close by year-end. For more, click here...

Potlatch nears deal to combine with Deltic Timber in stock swap
Lumber company Potlatch Corp. is nearing an all-stock deal to combine with Deltic Timber Corp., people familiar with the matter told the Wall Street Journal. Deltic shareholders are to receive 1.8 common shares of Potlatch for each share of Deltic that they own, the people said. Based on Friday’s closing prices, that would amount to a roughly 7% premium for Deltic shareholders. For more, click here...

Roseburg to sell California timberlands
Roseburg Resources Co. announced an agreement to sell its California timberlands to a timberland investment vehicle managed by New Forests. The transaction includes 170,000 acres in northern California, largely in Siskiyou and Shasta counties. The company will retain ownership of its veneer facility located in Weed, Calif. For more, click here...

PalletOne acquires Texas manufacturer
PalletOne, Inc., America's largest new pallet manufacturer, acquired North East Texas Pallet, a pallet manufacturer located in Clarksville, Texas. Organized in 2001 from predecessor companies, PalletOne now operates 17 locations in nine states and manufactures new pallets, repairs and recycles used pallets and produces a variety of other wood products. For more, click here...

LBM Advantage acquisition of IBSA finalized
The merger of IBSA Inc. into LBM ADVANTAGE Inc., approved by the shareholders of each group earlier this year, has been completed as of October 1. The combined Advantage shareholder base bands together $6 billion of retail sales from 585 member companies operating 1,100 locations in 35 states. For more, click here...

Roseburg completes acquisition of timberlands in Southeast
Roseburg Resources Co., Springfield, Ore., is pleased to announce the acquisition of approximately 158,000 acres of investment-grade timberland in the southeastern United States from Forest Investment Associates (FIA), a timberland investment management organization. The timberland is located around Roanoke Rapids, largely within the coastal region of North Carolina and southeastern Virginia, and has a strong history of professional management. The acquisition was completed Sept. 28, 2017. For more, click here...

Binderholz Group acquires Klenk Holz AG
The Austrian binderholz Group, which has its headquarters in Fügen, has reached a binding agreement with The Carlyle Group to acquire the German sawmill and timber processing company Klenk Holz AG based in Oberrot. The purchase agreement was signed today, as announced by both companies. The transaction is expected to be concluded at the start of November 2017, a conclusion dependent on the agreement of the competition authorities. For more, click here...

Wilsonart to acquire KML
Wilsonart Engineered Surfaces announced that it will acquire KML, the Tacoma-based manufacturer of decorative surfaces and panels. According to Vice President, Product Management, Ron Ubertini, this acquisition supports the continued growth of Wilsonart’s Coordinated Surfaces program with expanded capacity for the manufacturing of Thermally Fused Laminate (TFL) panels. For more, click here...

West Fraser acquisition of Gilman completed
West Fraser Timber Co. Ltd. announced today that the acquisition of six sawmills and a fingerjoint mill from the Howard Gilman Foundation and other shareholders has been completed.

FEA acquires Wood Markets
Forest Economic Advisors, Littleton, Mass., recently completed the purchase of International Wood Markets Group, Vancouver, B.C. With this acquisition, FEA welcomes Russell Taylor to its team of analysts and adds to its sources of global information, including: its proprietary global cost benchmarking database; the annual Global Softwood Log & Lumber Conference in Vancouver; the China Bulletin Monthly Newsletter; the Wood Markets Monthly International Reports, and several other publications and industry events. For more, click here...

McCoy's buys a new approach to reload
McCoy’s Building Supply, the 86-unit Texas-based lumberyard company, announced today that it recently purchased the former C-R Reload Center, Inc. located in Burnet, Texas. Terms of the deal were not released. C-R Reload had provided reload and lumber storage services for McCoy’s and other Central Texas customers since 2002. Under McCoy’s ownership the facility will operate as MC Reload with a focus on reducing costs and adding distribution efficiencies to McCoy’s Building Supply stores and their customers throughout a large part of McCoy’s network of Texas stores. The facility will also provide reload and storage services to third-party users. For more, click here...

Tembec shareholders approve takeover by Rayonier
Shareholders in Quebec forestry firm Tembec have overwhelmingly endorsed a friendly takeover offer by Rayonier Advanced Materials, a chemical products company based in Florida. About 95% of shareholders who voted were in favour of the deal, valued at C$1.1 billion — well above the two-thirds support required. The agreement, which is subject to regulatory approvals, is expected to close by the end of year. For more, click here...

West Fraser enters agreement to purchase Gilman
West Fraser Timber Co. Ltd. today announced that it has entered into an agreement to acquire the operations of the Gilman Companies from the Howard Gilman Foundation and other shareholders for approximately US$430 million, subject to certain post-closing adjustments. The Gilman Companies are comprised of six sawmills and a fingerjoint mill in Florida and Georgia as well as an administrative office in St. Marys, Georgia. The transaction, which is also subject to U.S. regulatory approvals and customary conditions, is anticipated to close in the third quarter of 2017. For more, click here...

Rayonier ups offer for Tembec, wins support of holdouts
Rayonier Advanced Materials Inc. has raised its takeover offer for Tembec Inc. to win the support of two of the forestry company's largest shareholders who had threatened to block the friendly deal. Rayonier and Tembec (TSX:TMB) said Oaktree Capital Management LP and Restructuring Capital Associates LP have now agreed to support the takeover. The deal requires support from a two-third majority vote at a shareholder meeting Thursday. For more, click here...

Regulators asked to ensure fair vote on Tembec takeover
For a prospective buyer, Rayonier Advanced Materials, and for a prospective seller, Tembec, July 19 wasn’t a great day. Indeed it’s a continuation of a number of bad days as market participants weighed in on their planned US$807 million transaction, a deal that’s supposed to be put to Tembec’s shareholders at a meeting next week. As for bad news, Tembec’s two largest shareholders — Oaktree Capital Management and Restructuring Capital Associates, which between them own about 37% — have said they won’t support the transaction which requires backing from two-thirds of shareholders. For more, click here...

Rayonier reaffirms commitment to acquire Tembec
Rayonier Advanced Materials Inc. (the “Company” or “Rayonier Advanced Materials”) (NYSE: RYAM) today reaffirmed its commitment to acquire Tembec Inc. (“Tembec”) (TSX: TMB) on the terms previously agreed with Tembec. The Company believes that the previously announced arrangement consideration of C$4.05 in cash or 0.2302 of a share of Rayonier Advanced Materials common stock per Tembec common share—which is subject to proration so that approximately 63% of the aggregate consideration is paid in cash and 37% is paid in Rayonier Advanced Materials stock—provides compelling value to Tembec shareholders. The Company does not intend to increase the consideration offered to Tembec shareholders. For more, click here...

Weston Forest acquires Great Northern Lumber of Michigan
Steve Rhone, President, has announced that Weston Forest, Mississauga, Ont., has acquired the assets of Great Northern Lumber of Michigan, LLC, and will be operating the facility as Northern Industrial Woods Inc. The two companies have had a long-standing relationship, and Great Northern extends the reach of Weston's remanufacturing capabilities.

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Tuesday, March 19, 2019


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