Weyerhaeuser sells hardwoods and industrial unit
Weyerhaeuser is selling its hardwoods and industrial products business unit to American Industrial Partners (AIP).
AIP announced the "definitive agreement" Wednesday and said the deal should close in August. The new business will operate as Northwest Hardwoods Inc., headquartered in Tacoma, Wash., with operations in the United States, Canada, China, Japan and Hong Kong.
David Weyerhaeuser, VP sales and marketing of Northwest Hardwoods, said: "As a stand-alone company, we expect to offer our customers flexibility, fast market response times, continuity of supply and an entrepreneurial ‘can do’ attitude."
Terms of the deal were not disclosed.
"AIP is acquiring a business with experienced employees, outstanding quality products, highly automated and efficient sawmills, and an attractive worldwide customer base that relies on Northwest Hardwoods for essential products and services," said AIP’s Rick Hoffman.
Also on Wednesday, Federal Way, Wash.-based Weyerhaeuser Co. announced the launch of Weyerhaeuser Solutions Inc., a subsidiary offering a range of consulting and management services designed to help clients develop, manage and commercialize forest assets.
PCBC kicks off in San Francisco
San Francisco — Builder education and Gold Nugget Awards are among the highlights of the Pacific Coast Builders Conference (PCBC).
The event runs June 22 to 24 at the Moscone Center in San Francisco.
General session keynoters on the agenda are business guru Guy Kawasaki, author of "Selling the Dream;" Chip Heath, professor of organizational behavior at Stanford University; and Joseph Coughlin, director of the Massachusetts Institute of Technology AgeLab.
The Gold Nugget Awards, honoring creative achievements in architectural design and land-use planning for residential, commercial and industrial projects, will be celebrated Thursday at noon.
On the eve of the show, the California Homebuilding Foundation celebrated its 27th Anniversary of the Hall of Fame Awards Tuesday night. The 2011 honorees include Charles Davidson of Charles Davidson Co. and John Young of Young Homes.
California Redwood Co. completes purchase of Siskiyou Lumber
The California Redwood Co. completed the acquisition of the assets of Siskiyou Lumber Products, a California-based company specializing in remanufacturing and wholesale lumber distribution.
Siskiyou’s Woodland, Calif., operations and its Ukiah, Calif., fence plant will now operate as part of The California Redwood Co., distributing redwood lumber products, Douglas fir lumber and treated lumber.
"A year ago, we announced a long-term marketing strategy of working with retailers to better understand and serve the needs of consumers," said Carl Schoenhofer, VP and general manager for The California Redwood Co., based in Eureka, Calif. "The acquisition of Siskiyou Lumber Products provides us the opportunity to get closer to consumers and allows us to offer a full range of premium redwood products directly to retail."
The products include decking, railing, fencing and garden accessories.
"We also plan to expand our product development efforts and value-added applications for redwood," Schoenhofer said.