SDS Lumber Company Exploring Changes to their Diverse Businesses

SDS Lumber Company, founded nearly 70-years ago, has announced that it is in the process of actively exploring changes to their diverse businesses. Including the potential sale of the Bingen mill and its 101,000 acres of timberland. The current president, Jason Spadaro, will be stepping down and transitioning to a consulting role, but will continue to be a member of the board of directors. Three new board members have been appointed, they are Sandy McDade, a 34-year Weyerhaeuser executive with extensive experience in Canada and international timber markets who later served as general counsel; Bill Brown, a retired former president of Green Diamond Resource Company, a timber company, who also served as chief financial officer of Plum Creek Timber Company; and Clyde Hamstreet, a Portland-based corporate turnaround specialist. Sandy McDade is assuming the role of chairman of the board. A major player in the local timber industry, SDS Lumber and its related companies employ approximately 350 workers. McDade says the board will take a “thoughtful look at where SDS is heading and how it will continue to positively impact Bingen, the Gorge, and the entire Northwest.”

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SDS Lumber undergoing major shakeup