- American Industrial Partners says it has entered into a definitive agreement to acquire the worldwide hardwoods and industrial products business unit from Weyerhaeuser Co. The transaction is expected to close in August of this year. The future business will operate as Northwest Hardwoods, Inc., headquartered in Tacoma, WA, with operations in the United States, Canada, China, Japan and Hong Kong.

Northwest Hardwoods, Inc., with approximately 1,000 employees, is the leading manufacturer of high quality hardwood lumber in North America. It manufactures and 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 United States.