besse forest products closes three veneer, lumber operations
The move comes after Besse Forest Products was sold to the Florida-based Hoffmann Family of Companies private equity firm in March 2024, and the company seeks to lower costs across its 10 newly acquired production facilities. Officials with Besse Forest Products said the closures were “due to an unprecedented industry downturn.”
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Pacific Woodtech Acquires LP EWP Division
Burlington, Wash.-based Pacific Woodtech announced the acquisition of Louisiana-Pacific Corp.’s EWP (I-Joist and LVL) division for $210 million. The acquisition includes LP laminated veneer lumber and I-Joist manufacturing facilities in…
Arauco NA Expands TFL Operations
Arauco has announced that it will invest $20 million to expand its thermally fused lamination (TFL) operations at its state-of-the-art particleboard mill in Grayling, Mich. The new lamination line will be Arauco’s third TFL line at Grayling and will increase the…
Raute Appoints New President/CEO
Raute Corp.’s Board of Directors has appointed Mika Saariaho as the new President and CEO beginning in late November. He will join Raute from Metso Outotec Corp. where he holds the position of Senior Vice President. Saariaho succeeds Tapani Kiiski who left…
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