Lynn Wilson is Rayonier’s new EVP
Raynoier’s board of directors has promoted Lynn Wilson to the post of EVP forest resources.
Wilson, who has over 20 years of experience in the forestry industry, currently oversees 2.6 million acres of timberland in nine U.S. states and New Zealand, as well as the administration of the company’s Land Information Services and timberland acquisition team.
Prior to her role at Rayonier, she served as VP operations support at Plum Creek, where she had held several roles of increasing responsibility.
"Since joining Rayonier, Lynn has led the successful integration of multiple acquisitions, assumed responsibility for our international forestry operations and driven our Forest Resources business to greater levels of operating efficiency," said Paul Boynton, chairman, president and CEO. "This new title appropriately reflects Lynn’s recently broadened global leadership role and her sustained success in leading our forestry operations."
UFPI agrees to purchase National Fiber
A subsidiary of Universal Forest Products Inc. has agreed to purchase the assets of National Fiber, a Massachusetts-based producer of cellulose insulation.
With a strong presence in the Northeastern U.S., National Fiber distributes its Cel-Pak and Nu-Wool insulation, as well as installation machines, to professional cellulose installers in the region.
“This is a strong complement to our housing and construction business, which continues to improve in the Northeast,” said UFPI CEO Matthew J. Missad. “National Fiber has built a solid business and an excellent reputation as a leader in the cellulose insulation industry, using predominantly recycled materials. We’re delighted to add the company and its people to the Universal family of companies and look forward to growing success together for many years to come.”
National Fiber has reported expected sales of $12.5 million for 2014. The transaction is slated to close by Jan. 31.
Lifetime Brands buys Kitchen Craft
Lifetime Brands has purchased Kitchen Craft, a U.K. kitchenware products and accessories supplier formally known as Thomas Plant (Birmingham) Ltd.
"Kitchen Craft’s broad ranges of kitchenware products fill a gap in our existing U.K. housewares assortment that will complement the tableware and gift assortments marketed by Creative Tops," said Lifetime Brands chairman and CEO Jeffrey Siegel.
Kitchen Craft products are stocked in 70 countries under brand names such as Master Class, Molten, Natural Elements and Kitchen Craft. Under the agreement, it will become a separate division of Lifetime Brands Inc. and will maintain its current management structure.
Thomas Plant made approximately $70 million in revenue for the fiscal year of 2013. The specific financial terms of the agreement were not disclosed.