Select Page
Nippon Paper to Buy Liquid Packaging Plant From @Weyerhaeuser $WY for $285M

Nippon Paper to Buy Liquid Packaging Plant From @Weyerhaeuser $WY for $285M

Nikkei Asian Review reported. The Japanese company will establish a wholly owned subsidiary by the end of September, buying Weyerhaeuser’s facilities in Washington state, as well as sales offices in Japan, the U.S. and South Korea. Nippon Paper will also take on about 500 employees. According to Nikkei, the acquisition will be the largest for the company since spending 42.6 billion yen to purchase a stake in a Chinese firm in 2010. Weyerhaeuser announced the planned sale of its pulp mills in May 2016. A strategic review of the company’s Cellulose Fibers business was initiated in November 2015. The company’s review of its printing papers joint venture is ongoing. “This transaction creates significant value for Weyerhaeuser shareholders and enhances the focus of our portfolio as we work to be the world’s premier timber, land, and forest products company,” said Doyle R. Simons, president and chief executive officer. Weyerhaeuser expects to use a substantial portion of the estimated $225 million after-tax proceeds for repayment of debt. The transaction is subject to customary closing conditions, including regulatory review, and is expected to close in the third quarter 2016. The Weyerhaeuser liquid packaging board mill and Nippon Paper Industries will continue to operate separately until the transaction closes. Nippon Paper Industries Co., Ltd. is a holding company which engages in the manufacture and sale of paper products. Its operations are carried out through the following segments: Paper and Pulp, Paper-related, Wood Products and Construction Related, and Other. Nippon’s Paper and Pulp segment handles the production and sale of printing paper, paperboard, household paper, pulp, and papermaking materials. The Paper-related segment provides processed paper, chemical products, and functional materials. The Wood Products and Construction Related segment offers lumber, construction materials, and civil engineering services. The Other segment includes beverage, logistics, and leisure businesses. The company was founded in 1949 and is headquartered in Tokyo, Japan. Weyerhaeuser, one of the world’s largest private owners of timberlands, began operations in 1900. The company owns or controls more than 13 million acres of timberlands, primarily in the U.S., and manages additional timberlands under long-term licenses in Canada. It manages these timberlands on a sustainable basis in compliance with internationally recognized forestry standards. Weyerhaeuser is also one of the largest manufacturers of wood and cellulose fibers products. The company operates a real estate investment trust (REIT). In February 2016, it merged with Plum Creek Timber Co. Inc. In 2015, Weyerhaeuser and Plum Creek, on a combined basis, generated approximately $8.5 billion in net sales and employed nearly 14 thousand people worldwide. The company is based in Federal Way, Washington.]]>

Leading Forestlands Owner, Lumber Company Rosboro, Hires Goldman Sachs to Explore Sale

Leading Forestlands Owner, Lumber Company Rosboro, Hires Goldman Sachs to Explore Sale

The Register-Guard. “What was once an organization owned by just a few of the original leaders of the company today has 60 owner-families throughout the country,” said Rosboro CEO Scott Nelson. Given its dispersed ownership, the company’s strong financial position and a robust mergers and acquisitions market, Rosboro’s board has determined it would be “prudent to undertake a review of strategic alternatives to maximize shareholder value,” Nelson said. Those alternatives include potentially selling the company, he said, according to the RG. The company doesn’t publicly disclose its financial figures. Rosboro manufactures green and kiln dried studs and dimension lumber and is the largest glulam manufacturer in North America. Composed of boards that have been glued together, glulam beams are typically used in large retail stores, bridges and other big structures. Based in Springfield, Oregon, the company was founded in 1940, and is known for quality products and old-fashioned customer service. Rosboro 100,000 acres of timberlands are concentrated in the highly productive forests of Western Oregon, strategically located near its operating facilities in Oregon’s Willamette Valley, constituting one of the largest privately owned networks of tree farms in the Pacific Northwest. Rosboro glulam products are sold through a nation-wide distribution network that provides next day delivery. Glulam is the most cost effective engineered wood product on the market today making it the best choice for floor, roof and wall framing. Rosboro glulam products are inspected and certified by the APA/EWS. Rosboro’s groundbreaking X-Beam is the industry’s first full framing-width glulam in Architectural Appearance. Rosboro X-Beam is the most cost effective engineered wood product on the market and is available in traditional and I-Joist compatible depths. Rosboro Treated X-Beam is its Douglas fir, architectural appearance X-beam that is treated with Hi-Clear II – a clear preservative treatment that leaves the beam a light honey color while providing resistance against insect attack, decay, mold, and mildew. Treated X-Beam is Ideally suited for outdoor applications like decks, porches, trellises, and balconies. Rosboro Manufactured Timber RMT meets or exceeds the published design values of solid sawn timber of the same size and grade. For example, an RMT timber stamped with WCLIB Select Structural or #1 will meet or exceed all the published design values for solid timber of the same size and grade. RMT is DSA-approved in California. Rosboro specializes in green and dry Douglas fir and KD Hem-Fir studs in standard and custom trim lengths. Rosborough in Rosboro The Rosboro story begins in 1890, when Thomas “Whit” Whitaker Rosborough started running his own sawmill. A coincidence of names occurred sixteen years later, when Whit Rosborough formed the Caddo River Lumber Company in Rosboro, Arkansas. After his honeymoon in the Pacific Northwest, Whit started forming his westward plans. In 1939 he moved to Springfield, Oregon, with a team of loyal employees. Trading his recently purchased coastal-range timberlands for holdings in the McKenzie River Valley, Whit and crew started constructing Rosboro’s first sawmill. Using energy generated from its three-stack power plants and two steam turbines, the new Rosboro mill was a model of self reliance. When the first board rolled through the state-of-the-art facility in June of 1940, the local newspaper touted the mill as the “Northwest’s most modern timber manufacturing plant.” Whit retired five years later, leaving Rosboro ownership to several of his key employees. They got to work on expanding the scope and production of the sawmill that was the pride of the Northwest. Demonstrating an early knack of adapting new technology, Rosboro constructed a veneer mill in 1959 and began manufacturing plywood. Quickly making strides in laminated products, the company introduced its glulam operation in 1963, a development that helped distinguish Rosboro as one of the first fully integrated forest products operations. The Rosboro team didn’t stop there. In 1975, the small-log mill was built to manufacture studs from second growth timber. The glulam business expanded in 2005 with the purchase of a Weyerhaeuser laminating facility in Veneta, Oregon, an addition that made Rosboro North America’s largest glulam manufacturer.]]>