Interfor Corp., to Sell Gilchrist Oregon Specialty Sawmill to Neiman Enterprises
Interfor to Sell Gilchrist, Oregon Specialty Sawmill
Interfor Corporation announced on Monday (9/14) that it has reached an agreement to sell its specialty sawmill located in Gilchrist, Oregon to Neiman Enterprises Inc., of Hulett Wyoming. The Gilchrist sawmill, which specialized in ponderosa and lodgepole pine boards has been curtailed since mid-June of this year due to economic factors related to the COVID-19 pandemic. Prior to its curtailment the mill produced ~80 million board feet of lumber year and employed ~150 employees. Neiman is a privately held third-generation family business with pine board sawmill operations in Wyoming and South Dakota and a stud mill in Colorado. Neiman intends to restart the mill in the near future and rehire a substantial number of the furloughed employees. Neiman will also consider potential future capital investment opportunities for the facility. The completion of the transaction is subject to customary conditions and is expected to close in the fourth quarter of 2020.
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