News in lumber


U.S. Sawmill Output Continues to Trail New Home Construction

The National Association of Home Builders (NAHB) has provided a deeper look into the relationship between U.S. domestic sawmills’ inability to increase output to meet growing demand since mid-2020 and the resulting lack of new home availability. The NAHB cites the lack of increased domestic sawmill activity as one of the primary factors that has contributed to record high lumber and panel prices and continuing price volatility in both the lumber and housing markets.

One Equity Partners to Acquire Majority Interest in Rosboro

One Equity Partners, a New York City-based middle market private equity firm, announced today (1-6-22) that it has acquired a majority interest in Rosboro from Wynnchurch Capital. Wynnchurch Capital will remain a significant minority shareholder. Terms of the private purchase were not disclosed. Rosboro is based in Springfield, Oregon and operates captive sawmills and glued laminated timber (glulam) production facilities.

Canfor’s Houston, B.C. Sawmill to Resume Full Production Operations

Canfor Corporation announced on Wednesday (12-29-21) that their Houston, B.C. mill, which has been dealing with cutbacks as a result of challenging market conditions since late summer, will resume full operations effective Monday, January 23, 2022. According to Rosemary Silva, Canfor’s External Relations Senior Advisor, “Currently, we have limited staff performing special projects and preparatory maintenance work…”

Teal Jones to Build New Sawmill Facility in Bossier Parish, Louisiana

Teal Jones, a 70-year-old, family-owned company based in British Columbia, Canada, today announced that the company is looking forward to bringing a $110.5 million Southern Yellow Pine lumber mill to Bossier Parish, Louisiana. To become a reality, the company is pursuing a payment in lieu of taxes agreement with local taxing entities. Teal Jones expects to source southern yellow pine timber from their landowner partners in this project, as well as other regional suppliers.

Canfor Corporation Announces Purchase of Millar Western Forest Products’ Alberta Assets

Canfor Corporation on Thursday (12-16-21) announced it has entered into an agreement with Millar Western Forest Products Ltd. to acquire the Millar’s solid wood operations located in Alberta, Canada, and associated tenure for $420 million (CAD), which includes $56 million in working capital. Millar Western’s solid wood operations will add 630 million board feet of production capacity.