PHILLIPS, WI - Georgia-Pacific will close its engineered wood products facility in Phillips, Wisconsin, by the end of October, eliminating 53 jobs.
A Georgia-Pacific spokesman told WAOW TV the closure comes after years of declining demand for the wood paneling and specialty wood products produced by the facility, which has been operating at less than 70 percent capacity. Built in 1958, the plant was one of seven G-P mills in Wisconsin.
A WARN notice was filed in Wisconsin on Aug. 28 for the closure.
Quanex Building Products Corp. is acquiring cabinetry components maker Woodcraft Industries for $248.5 million in cash. The transaction by Quanex, a window and door components manufacturer, is expected to close in the fourth quarter.
SCHWARZACH, AUSTRIA & LUBBECKE, GERMANY - The technology leader for cut to size solutions Schelling acquires the specialist for automated edge processing technology IMA from Adcuram in Munich. Together both companies will lead the way in automation technology for the panel processing and furniture industries.