Thursday, September 5, 2013

Ainsworth Selling Barwick Mill

There's to be new owners of the mill in Barwick.  Ainsworth is agreeing to sell all of its operations, including the Barwick mill, to U-S forestry giant Louisiana Pacific in a deal worth one-point-one billion dollars. Louisiana-Pacific chief executive Curt Stevens says the acquisition provides more financial stability to weather market conditions. Stevens says it will also gives L-P greater access to the Asian market where Ainsworth is well established.