Wood Resources LLC, a Shelton-based manufacturer of plywood and veneer, announced today that it has entered into an agreement to sell its Southeast operations, which include Chester Wood Products and Moncure Plywood, to Boise Cascade Company, a leading wood products manufacturer and building materials distributor in North America.
The sale is expected to be completed in the third quarter.
In 2004, Wood Resources, an operating unit of Greenwich, Connecticut-based Atlas Holdings LLC, acquired Chester and Moncure from Weyerhaeuser Corp. amid uncertainty about both mills’ futures in an industry undergoing significant consolidation.
“On behalf of Atlas, I would like to thank our management partners and associates at both Chester and Moncure for their hard work and dedication to operating excellence,” said Edward Fletcher, partner at Atlas Holdings. “We are confident that Boise Cascade will provide ample opportunities for the mills’ employees to excel. The mills are a central part of their communities, and they will continue to thrive under Boise Cascade’s leadership.”
Moving forward, Wood Resources will continue to operate Olympic Panel Products in Shelton, as well as the newly restarted Omak Wood Products in Omak, which produces softwood veneer for Northwest markets, as well as Douglas fir plywood for specialty and commodity applications.