In a troubling move, Vancouver, BC’s, Interfor announced Friday that just five months after it completed its purchase of a Simpson Lumber Co. mill on the Tacoma Tideflats, the forest products company is putting it back on the market.
The lumber mill was one of four Simpson properties Interfor bought for US$94.7 million in March. The Tacoma mill alone, the company said in its second-quarter earnings release, was responsible for $7.7 million of Interfor’s $20.6 million net loss for the quarter.
The company shut down the mill May 22 after experiencing difficulties in making the relatively modern mill profitable.
