In a joint statement released on Thursday (8-5-21), Sierra Pacific Industries (SPI) and Seneca Sawmill announce their plans to combine the two businesses. Seneca currently operates a 175,000-acre tree farm, sawmills and a biomass plant in Oregon, and SPI is a lumber producer that manages more than 2.1 million acres of timberland in California and Washington.
In commenting on the plan, Todd Payne, CEO of Seneca said, “This proposed transfer makes so much sense given the companies provide complementary products and have shared family values and company culture.” The sale is expected to close by the end Q3 2021.
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WEST COAST LUMBER COMPANY PLANS TO BUY SENECA SAWMILL