Sponsored by Lane Powell

Sinar Mas buys four mills from Pope & Talbot

| Print |  Email
Saturday, March 01, 2008

PORTLAND As part of the Portland lumber company’s bankruptcy proceedings, Indonesian conglomerate Sinar Mas Group will buy four of Pope & Talbot’s pulp mills, including its sole Oregon mill in Halsey, for approximately $231 million. A judge is expected to approve Sin Mar Group’s bid on the mills, three of which are in British Columbia; Montana-based Fox Lumber Sales has bid $750,000 for another Canadian mill. Sin Mar Group has not announced plans for the Halsey mill, which employees about 180. Pope & Talbot put itself up for sale and then sought bankruptcy protection after it took huge losses in 2007 because of the slowing housing market, the weak dollar and labor issues at its Canadian mills.



Have an opinion? E-mail This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 

More Articles

5 companies react to lower fuel prices

The Latest
Thursday, January 15, 2015
thumb-shutterstock 233787049BY JACOB PALMER | OB DIGITAL NEWS EDITOR

Consumers love the savings they get from low oil prices, but how has business been affected?


Read more...

4 winners and losers in the Kitzhaber scandal

The Latest
Thursday, February 12, 2015
021315-govorno-thumbBY JACOB PALMER | OB DIGITAL NEWS EDITOR

Examining the governor's rapid fall from grace in a "bizarre" and "unprecedented" saga.


Read more...

Which Way to Chinatown?

February 2015
Monday, January 26, 2015
BY AMY MILSHTEIN | PHOTOS BY JASON E. KAPLAN

The Jade International District, already Portland's center of Asian life, is poised for rejuvenation. Where does that leave the westside's historic Chinatown?


Read more...

Tweeting Portland's State of the City address

News
Friday, January 30, 2015
Screen Shot 2015-01-30 at 3.08.19 PMBY JACOB PALMER | OB DIGITAL NEWS EDITOR

For those who were working, here are a few highlights of Charlie Hales' State of the City address.


Read more...

All Rise

March 2015
Friday, February 20, 2015
BY AMY MILSHTEIN | OB CONTRIBUTOR

Don’t just sit there. For a healthy workplace, move up and down — and all around.


Read more...

How a Utah-based essential oils company cornered the Oregon market

March 2015
Friday, February 20, 2015
BY AMY MILSHTEIN | OB CONTRIBUTOR

Multilevel marketing, health claims and zyto scanner biofeedback machines: How dōTERRA thrives in Oregon. 


Read more...

7 industry trends of 2015

The Latest
Friday, January 09, 2015
covertrends15-thumbBY JACOB PALMER | OB DIGITAL NEWS EDITOR

Industry groups identify top trends for 2015.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS