Interfor Corporation Decides To Sell Gilchrist Specialty Sawmill

SEATTLE (Scrap Monster): Interfor Corporation announced that it has reached an agreement with Hullet, Wyoming-based Neiman Enterprises Inc. towards sale of its specialty sawmill located in Gilchrist, Oregon. The transaction is subject to customary closing conditions and is expected to be completed in last quarter this year. Meantime, Interfor announced that it will continue to operate its three stud mills located in the U.S. Northwest region.

The third generation family business plans to restart the mill in the near future. This will lead to rehiring of majority of the furloughed sawmill workers. It must be noted that the sawmill operations were curtailed since mid-June this year, due to adverse impacts of Covid-19 related economic turmoil. The mill had employed approximately 150 employees and had been producing nearly 80 million board feet of lumber per annum.

RELATED NEWS:

Interfor Updates on COVID-19 Action Plan

Interfor Posted Significant Decline in Q2 Lumber Output

Andrew Horahan, Vice President of Western Operations at Interfor stated that careful review of future options indicated that the sale offers the best long-term outcome for our employees and the surrounding communities. Further, he thanked all the employees at Gilchrist operations for their patience and understanding.

Meantime, Jim Neiman, President and CEO of Neiman Enterprises Inc. assured that the company is committed to ensure the long-term success of the sawmill.