Sierra Pacific Industries (SPI), the Anderson, California-based forest products company, announced last week that it has completed its acquisition of Seneca, a Eugene, Oregon-based company that, prior to the acquisition, had about 400 employees and owned about 167,000 acres of timberlands.
According to a SPI news release, the combination of the two companies has positioned SPI as a West Coast, forest products leader with more than 2.3 million acres of sustainably managed timberlands, 18 sawmills, and eight renewable biomass energy cogeneration facilities, along with millwork and windows operations.
In the same news release, Sierra Pacific President George Emmerson said, “This is a meaningful day for Sierra Pacific Industries, as well as for Seneca. The combined company brings together an outstanding team of people that will leverage our shared expertise in sustainable forest management and innovation in manufacturing, working together to provide quality lumber and wood products to the marketplace. We are excited to be joining the Oregon forest products industry, along with the opportunities for further growth in the state.”
FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.
Seneca acquired by California forest products company