Wood Resources, a company that makes wood panels for residential and commercial construction, has appointed Kurt Liebich as president and CEO, as well as group executive for wood products for parent company Atlas Holdings. Liebich will also continue in his current role as president and CEO of RedBuilt, Atlas’ wood-based structural solutions company.
Liebich joined RedBuilt’s predecessor, Trus Joist, in 1994 and served in numerous senior management roles in finance, marketing, production and operations, helping to grow the company into a billion-dollar business. He remained with the company when Weyerhauser acquired it in 1999, and was appointed VP of the Trus Joist division in 2005 before his promotion to VP marketing for iLevel. When Atlas Holdings acquired the former commercial division of Trus Joist from Weyerhauser in 2009, it appointed Liebich as president and CEO of the company which they named RedBuilt.
Simultaneous with Liebich’s appointment, Richard Yarbrough, who has led Wood Resources since its founding in 2003, has been named chairman of the board. Previous chairman William Corbin will remain actively involved on Wood Resources’ board as chairman of the executive committee. Both men are also members of RedBuilt’s board.
Wood Resources produces specialty and commodity plywood through its three operating companies: Moncure Plywood in Moncure, N.C.; Chester Wood Products in Chester, S.C.; and Olympic Panel Products in Shelton, Wash. Each company serves unique segments of the market for wood panels, which are also used in industrial applications. RedBuilt is a leading supplier of engineered lumber products based in Boise, Idaho.
Atlas Holdings chairman and managing partner Andrew Bursky said, in a prepared statement: “The steps we have taken today are strategically important to Wood Resources and RedBuilt. There are tremendous synergies both companies can realize under Kurt’s expert guidance. For instance, the businesses will be able to take a more holistic approach to developing raw material sourcing strategies in the western United States. Given the pending economic recovery, sourcing raw materials is one of the top strategic priorities for both companies over the next five years.”
Based in Greenwich, Conn., Atlas Holdings is engaged in a broad spectrum of industries, including food and agriculture, wood products and building materials, pulp and paper manufacturing, packaging, capital equipment, and industrial and business services. Atlas Holdings specializes in the purchase of middle-market companies, via carve-outs and corporate divestitures, and works closely with its Operating Partners and management teams to build strong companies that can sustain long-term success.