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Weyerhaeuser sells Moncure plant

Posted Friday, March 18, 2005

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Moncure - Weyerhaeuser spokesmen recently announced the sale of the Moncure plywood mill to Wood Resources LLC, a Greenwich, Conn.,-based wood products company.

The Moncure plant, a hardwood plywood mill with about 200 employees, manufactures products primarily associated with furniture production. The Moncure plant is capable of producing 115 million square feet of hardwood plywood per year. The local plant will be known as Moncure Plywood LLC.

The Weyerhaeuser company also sold a plywood and lumber plant in Chester, S.C., to Wood Resources LLC. The Chester plant, a plywood mill with about 285 workers, produces lumber primarily used in construction projects. That plant will operate as Chester Wood Products LLC.

Wood Resources LLC CEO Richard Yarbrough said that company, which also owns Olympic Panel Products LLC, said the new owners will make considerable investments at both plants.

"We intend to invest capital aggressively in both businesses, and to continue to serve customers in the southeast with an intense focus on customer service and satisfaction," Yarbrough said.

All employees at the Moncure and Chester facilities will keep their jobs, Yarbrough said in a statement published in the December edition of "Treeline," the newsletter of the North Carolina Forestry Association.

Weyerhaeuser, which purchased the Moncure plant from Willamette Industries in 2002, continues to operate about a dozen mills in North Carolina, with more than 3,000 employees, and deeds to more than 500,000 acres of land in the state.

 
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