Northwest Hardwoods Completes Acquisition Of Industrial Timber & Lumber
Northwest Hardwoods Inc. (NWH) has recently completed the acquisition of Industrial Timber & Lumber Company (ITL) based in Beachwood, Ohio. NWH is headquartered in Tacoma, WA and has operations in the United States, Canada, China, and Japan.
ITL is one of the largest global suppliers of North American hardwood. It sells over 200 million board feet of high quality hardwood lumber annually and has approximately 400 employees. ITL owns two integrated sawmills, four concentration yards and one dedicated service center with operations in Ohio, West Virginia, North Carolina and Pennsylvania.
“We couldn’t be more pleased to acquire a great company like ITL to better serve our customers. NWH is adding a business with highly motivated and experienced employees, outstanding quality products, highly automated and efficient mills, and an attractive worldwide customer base that relies on ITL for essential products and industry leading customer service. The highly respected ITL brand name is the perfect compliment to the NWH brand which has been recognized as the ‘Gold Standard’ for hardwood for nearly 45 years,” said TJ Rosengarth, President and CEO for NWH.
“Our employees are very excited about this combination of two great companies. Our customers have grown accustomed to the high quality products and industry leading service model that ITL provides. This combination with NWH will allow us to better serve those customers with an even wider array of products” said Larry Evans, President of ITL who will continue to lead the ITL organization for NWH as it operates as a wholly owned subsidiary of NWH.
From: Business Wire: businesswire.com.
RELATED ARTICLES
Northwest Hardwoods Reconfigures
Collins Appoints TJ Rosengarth President & CEO
Northwest Hardwoods: 20-Year Project
Latest News
Weyerhaeuser Buys 69,000 Acres
Weyerhaeuser is purchasing 69,200 acres of high-quality Alabama timberlands from Soterra, a subsidiary of Greif, Inc., for $149 million. The acquisition comprises highly productive timberlands in southwest Alabama, 100 miles north of Mobile…
Humboldt Sawmill Gains Biochar Certificate
Utilizing major cogeneration residual, Humboldt Sawmill in Scotia, Calif. has obtained a European Biochar Certificate, the first U.S. based company to do so. Through the production of biochar, a byproduct of its Scotia, California cogeneration plant, Humboldt Sawmill is providing a sustainable product that can be added to soils by farmers and other landowners to aid in…
Interfor Is Purchasing WestRock Summerville Sawmill
Interfor is acquiring the WestRock sawmill in Summerville, SC for US$59 million. The Summerville mill produced 125MMBF in 2020. A new permit was received in 2020 that allows for the production of up to 200MMBF and Interfor has identified a number of operational and capital investment initiatives to optimize and…
Housing Starts Jump Out Of Gate Slowly, But Building Permits Looking Good
U.S. housing starts were at a seasonally adjusted rate of 1.580 million for January, a 6% decrease from December and 2.3% below January a year ago, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly new residential construction report…
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.