Washington Lumber Companies Merge To Form Alta Forest Products
Morton-based Alta took over the ownership, operations and assets of the two companies, including four manufacturing sites in Morton, Shelton, Amanda Park, Wash., and Naples, Idaho.
Alta will continue to employ more than 400 and produce annually more than 300 million board feet of finished goods.
“This agreement will help secure employment to the local communities and strengthen the regional economy built on the growing lumber industry,” the company said in a statement.
The executive group consists of President and Chief Executive Mike Pedersen, Chief Operating Officer Peter Stroble, Chief Financial Officer Brian Cox and vice president of sales Jeffrey Cook. They also will be governed by a board of directors.
Latest News
Endowment Welcomes New Board Members
U.S. Endowment for Forestry and Communities announces that Fritz Mason, Paul Hossain and Anna Torma were elected as new directors at the organization’s fall board meeting. “Drawing upon diverse backgrounds, they each bring a distinctive perspective and unique vision. We look forward to collaborating with them to further the mission of the Endowment,” comments Pete Madden, President and CEO of the Endowment…
Kadant Completes Key Knife Acquisition
Kadant Inc. has completed its previously announced acquisition of Key Knife, Inc. and some of its affiliates for approximately $156 million in cash, subject to certain customary adjustments. The acquisition was financed primarily through borrowings under Kadant’s revolving credit facility. Key Knife, a global supplier of engineered knife systems for custom chipping, planing, and flaking solutions for wood product industries, is headquartered in Tualatin, Ore. with…
The Luck Of The Irish
Article by Jessica Johnson, Senior Editor, Timber Processing, November 2023 – Earlier this fall, I had the privilege of heading to Ireland to see the sights, enjoy the scenes and. . .do a little work while I was at it. My second work trip to the Emerald Isle did not disappoint.
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.