Woodworking Industry News

Patrick Industries agrees to acquire a supplier to powersports OEM

ELKHART, Ind. — Patrick Industries Inc., No. 69 in the FDMC 300, has completed a $315 million acquisition of Sportech, LLC, a designer and manufacturer of high-value, complex component solutions to powersports OEMs, adjacent market OEMs and the aftermarket.Patrick Industries is a manufacturer and supplier of wood, laminated, and other components for the RV, marine and housing market. The company employs approximately 10,000 people nationwide.

Canadian News

West Fraser closing Fraser Lake Sawmill

West Fraser Timber Co. Ltd. said that it will permanently close its sawmill in Fraser Lake, British Columbia, following an orderly wind-down. The decision is the result of West Fraser’s inability to access economically viable fiber in the region.