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Natuzzi Furniture Laid off 429 in Italy; Resets China Production

Posted by Bill Esler | Posted: 04/04/2015 9:19PM

Italian furniture manufacturer Natuzzi, which trades on the New York Stock Exchange, says it laid off 429 Italian factory workers under terms of a new contract it had been rotating workers into shifts to avoid layoffs, but that hurt productivity.

Wood Resource Recovery Sues Gainesville Energy for $5 Million

Posted by Bill Esler | Posted: 04/02/2015 8:25PM

Wood Resource Recovery sued the Gainesville Renewable Energy Center for $5 million because it says the 100 MW biomass plant made it impossible to do business under its current contract due to breach of a long-term fuel supply contract.

Largest Forest in Eastern U.S To Be Sold by Foley Timber

By Bill Esler Posted: 04/02/2015 8:03AM

The largest forest in the Eastern U.S will be sold by Foley Timber and Land Company. Acquired in 1994 from Procter & Gamble, the approximately 561,000 acres is packed with cedar, oak, and other hardwoods.

Wood Component Firm Patrick Industries Names Scott Welch to Board

Posted by Bill Esler | Posted: 04/01/2015 8:22PM

Patrick Industries, Inc. (NASDAQ: PATK), a major manufacturer and distributor of building and wood components for RVs, manufactured housing and industrial markets, named M. Scott Welch to its board.

Stevens Industries Cabinetry Dealers Stage 3-Day Conference

Posted: 04/01/2015 4:13PM

Stevens Industries, one of the largest cabinet manufacturers in the United States, hosted a three-day conference in Effingham. Nearly 100 dealers, vendors and guests attended, representing 30 different states

Lumber Liquidators Faces Class-Action Suit: Test Kits Unreliable

Posted by Karen Koenig | Posted: 04/01/2015 1:52PM

Lumber Liquidators is facing a federal class-action lawsuit for allegedly orchestrating a "campaign of misinformation," including charges it provided unreliable kits to homeowners seeking to test for formaldehyde emissions from their laminate flooring.

Georgia-Pacific Buys Lumber Mill from RoyOMartin

Posted by Karen Koenig | Posted: 04/01/2015 10:26AM

Georgia-Pacific has acquired the Rocky Creek lumber operations in Mexia, Alabama, from RoyOMartin. Terms of the deal were not disclosed.

Martco to Construct OSB Panel Mill in Texas

Posted by Karen Koenig | Posted: 04/01/2015 8:49AM

Martco LLC announced plans to build an oriented strand board (OSB) facility in Corrigan, Texas. When completed, the OSB plant is expected to employ 165 people.

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