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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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West Fraser Acquires
West Fraser Timber, out of Vancouver, BC, has acquired Travis Lumber Co’s sawmill and lumber manufacturing operations based in Mansfield, AR, the company announced Monday. In 2013, Travis Lumber’s sawmill produced more than 100 million board feet of lumber. West Fraser said it plans to invest additional capital in the mill and grow capacity to…
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Resolute FP Quebec Timber Deal
Resolute Forest Products February 28 confirmed the signature of a framework agreement with the Quebec government and explained the measures found in the agreement. The agreement includes measures for renewal of water power leases for certain generating stations in Quebec’s Saguenay-Lac-Saint-Jean region as well as consolidation of some of the company’s Quebec facilities. The framework…
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Washington State Invests in Mill
The governor of Washington State announced Friday a US$5 million funding package made up of tax credits and a state loan that will allow Josephine County’s last sawmill to reopen, according to SeattlePi Friday. Speaking at a news conference at a wood products mill in White City, Gov. John Kitzhaber said the funding helps spread…
