SPRINGFIELD, Ore. – Timber Products Company, the leading producer of environmentally sustainable wood-based panels, announced that the company’s owners, the Gonyea family, have acquired sole ownership of the firm’s 114,000 acres of timberlands in Northern California.
The Gonyeas bought out the interests of a long-time partner group and now retain 100 percent ownership of the timberlands used to source material for the company’s wood products mills.
“This acquisition will go a long way in securing a portion of our long-term timber supply for our mills in Yreka and Southern Oregon,” said Joe Gonyea III of Timber Products Company. “We are committed to the wood products business and are investing in our future to be the leading supplier of sustainable decorative panel products.”
An environmental leader in the wood products industry, Timber Products Company is the largest hardwood plywood manufacturer that manages its own forestlands.
The company responsibly stewards its timberlands under the strict standards of the Sustainable Forestry Initiative® (SFI) program and was the first hardwood plywood manufacturer in the world to carry the SFI label.
“Our culture of environmental stewardship in the management of these lands will continue and only get stronger,” said Gonyea. “Despite recent challenging times, we continue to reinvest in our company with the long term in mind.”
Timber Products Company manages 114,000 acres of timberlands in Northern California. The company’s owners, the Gonyea family, recently acquired 100 percent ownership of the property.
About Timber Products Company
Founded in 1918, Timber Products Company manufactures a wide range of environmentally certified hardwood plywood and decorative panels that are used by kitchen cabinet, store fixture, decorative millwork and furniture producers. Timber Products owns its own forestlands – 1 4,000 acres in Northern California managed under the strict standards of the Sustainable Forestry Initiative (SFI®). The company also manufactures softwood plywood, particleboard, hardwood veneer and hardwood lumber. Timber Products operates a total of eight facilities across the United States, with five certified by SFI and all certified by the Forest Stewardship Council (FSC). The Timber Products International Division is the import/export arm of the company. The company also operates TP Trucking, a nationwide transportation division.
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