Weyerhaeuser's Northwest Hardwoods to be Acquired by American Industrial Partners
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American Industrial Partners (AIP), New York, N.Y., USA, has agreed to acquire the worldwide hardwoods and industrial products business unit from Weyerhaeuser Co., Federal Way, Wash. The transaction is expected to close in August of this year. The future business will operate as Northwest Hardwoods Inc., headquartered in Tacoma, Wash., with operations in the U.S., Canada, China, Japan, and Hong Kong.
Northwest Hardwoods, with approximately 1,000 employees, manufactures hardwood lumber in North America. It sells 15 species of hardwood lumber, specializing in alder, oak, maple, cherry, walnut, ash, and hickory and operates through a network of seven primary sawmills, four concentration yards, four remanufacturing plants, and one merchandizing log yard, all in the U.S.
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