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Universal Purchases
Universal Forest Products, out of Grand Rapids, MI, Monday announced that one of its subsidiaries has purchased certain assets of Container Systems Inc (CSI), a manufacturer of crates and containers for industrial applications and the moving-and-storage industry, located in Franklinton, NC. The transaction closed on March 14, 2014. CSI produces a full line of moving…
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New Forestry Plan, New Brunswick: Irving Invests
In obviously related news, JD Irving announced Friday two more major investments in its forestry operations, pledging to pump a total of $38 million into sawmill operations in Chipman, NB, and a centre in Doaktown. The announcements followed Thursday’s commitment by the New Brunswick government to increase the allocation of softwood the forest industry will…
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Canada Housing Starts
Canadian housing starts rose more than expected in February, data released on Monday showed. The seasonally adjusted annualized rate of housing starts rose to 192,094 units last month from a upwardly revised 180,481 in January, the Canada Mortgage and Housing Corp said. Housing Starts, Canada The quantity of new homes on which construction began exceeded…
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Port Metro Vancouver “Action Plan”
The federal and BC governments and Port Metro Vancouver announced late a 14-point plan to resolve an ongoing strike by container-truck drivers they say has severely impacted the national economy. The port is now expected to consult with the industry and plans to implement the reforms by June 15. Among the 14 points is a…
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Ainsworth, LP Adjust Timing
Ainsworth Lumber, based in Vancouver, BC, and Louisiana-Pacific, out of Nashville, TN, announced Tuesdsay that as a result of continued discussions, they have amended the previously announced timing agreements with each of the Canadian Competition Bureau and the Antitrust Division of the U.S. Department of Justice . The companies will provide14 days written notice before…
