Woodworking Industry News

Restoration Forest Products facing bankruptcy; Invesco to take over

BELLEMONT, Ariz. — Restoration Forest Products (RFOR) has filed a consensual prepackaged court-supervised process under Chapter 11 of the U.S. Bankruptcy Code, which will see the company receive $95 million in additional funding from Invesco, and, if the deal is approved by the Court, will come out of bankruptcy with Invesco and its existing equity sponsor, Lateral Investment Management, as its new majority owner.