A forest products company signed a letter of intent to purchase the facility for an alternate use.

Reporters from the Triad Business Journal say that Archdale, N.C., is in the running for a $20 million dollar wood-products manufacturing and distribution facility.  But they don’t know who it is. According to David Hill, a reporter for the Triad Business Journal, the unnamed company would bring 129 new jobs and is considering buying approximately 60 acres and making a total investment of $19.5 million. Now, we will wait to see who that company is and where they will be building this factory. If a factory is built at all.

Cornerstone Specialty Wood Products, manufacturers of ResinDek engineered flooring panel and shelving products, is constructing a $15 million greenfield manufacturing facility.