ROGUE RIVER, OR — Eugene, OR-based wood products firm Murphy Co. has signed an agreement to purchase the Panel Products plywood plant in Rogue River, according to the Mail Tribune.

The $3.6 million deal made with a court-appointed receiver was cemented Wednesday morning, but still needs court approval. Murphy’s purchase of the 164,000-square-foot plant and its equipment would preempt an auction that had been planned.

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