Lewiston Mill Sold To Idaho Forest Group
Clearwater Paper Corp. is selling its Lewiston, Idaho sawmill to Idaho Forest Group of Coeur d’Alene, Idaho. The $30 million transaction includes the sale of Clearwater Paper’s sawmill, planer mill, dry kilns, and related assets along with log and finished goods inventories and timber under contract. As part of the transaction, the two companies have entered into a long-term residual fiber supply agreement with the goal of delivering consistent supplies of chips and sawdust to Clearwater Paper’s Lewiston pulp mill from Idaho Forest Group mills.
Upon closing of the transaction, Idaho Forest Group plans to adjust production to meet its customer needs. At the same time, Idaho Forest Group will begin assessing employment needs and should initiate the hiring process soon after the close of the transaction. Longer term, Idaho Forest Group will assess the mill’s capabilities and prepare an improvement plan for implementation.
“We are very excited about the prospects of updating and revitalizing the Lewiston sawmill,” says Scott Atkison, president of Idaho Forest Group. “The mill and its location in the LC Valley and surrounding wood basket give us the ability to better supply our customers with the products they need, both now and into the future.”
RELATED ARTICLES
Latest News
Remembrances Every Five Years
Always one to have fun with numbers, let’s have some fun now. You’ll notice that this issue marks the 46th time Timber Processing has published the Annual Lumbermen’s Buying Guide. That means the first one was published in 1979. So, beginning with 1979, and in five-year intervals, here are some tidbits that were also published in the Buying Guide in those respective years.
Weyerhaeuser Curtails New Bern Sawmill
Operations at Weyerhaeuser’s sawmill in New Bern, NC have reportedly been curtailed.
Tolko Announces Pino Pucci New President/CEO
After 14 years as president and CEO (CEO) of Tolko, and more than 40 years with the company founded by his grandfather Harold, Brad Thorlakson has transitioned to the role of executive chair of the board. Further to this transition, Pino Pucci has assumed the role of president and CEO.
Find Us On Social
Newsletter
The monthly Timber Processing Industry Newsletter reaches over 4,000 mill owners and supervisors.
Subscribe/Renew
Timber Processing is delivered 10 times per year to subscribers who represent sawmill ownership, management and supervisory personnel and corporate executives. Subscriptions are FREE to qualified individuals.
Advertise
Complete the online form so we can direct you to the appropriate Sales Representative.