Northwest Hardwoods, Inc. has 2,000 total employees across all of its locations and generates $791.16 million in sales (USD). Manufacturer and supplier of lumber products. Hauptgrund der Umstrukturierungsmaßnamen sind der Handelskonflikt mit China und der volatile heimische Bausektor. Debtor. November hat Northwest-Hardwoods (NWH), einer der größten Produzenten von Laubschnittholz in Nordamerika, mit dem freiwilligen Insolvenzantrag den nächsten Schritt zur Umstrukturierung des Konzerns gesetzt. Beachwood, OH 44122 Over the years, the company has steadily grown and expanded to become one of the largest manufacturers of hardwood lumber in North America. 1313 Broadway, Suite 300 Northwest Hardwoods, Inc. (NWH) reports it has entered into a restructuring support agreement (RSA) with holders of more than 95% in principal amount of the company’s secured notes and certain of its existing equity holders to execute a transaction that will reduce the company’s debt by $270 million and position NWH for future growth and success. Northwest Hardwoods, Inc. 1313 Broadway Suite 300 Tacoma, WA 98402 PIERCE-WA Tax ID / EIN: xx-xxx5401 aka Eastern Hardwoods, LLC aka Fitzgerald Lumber & Log Co., Inc. 1313 Broadway Street Tacoma, WA 98402. About Northwest Hardwoods. 20-[____] (___) … Manufacture domestically, source globally, deliver reliably. Northwest Hardwoods General Information Description. Represented By. The Company serves more than 2,000 active customers across over 60 countries. Operating for 10 or more years, they have an annual income of $10 to 50 million. Today, we offer virtually every species and grade of commercially viable North American hardwood lumber. People Are Our Passion . 8.5K likes. The Company offers hardwood, plywood and lumber products. Northwest Hardwoods Files Chapter 11 to … Northwest Hardwoods is a manufacturer of high-quality hardwood lumber in North America. 253-568-6800, Northwest Hardwoods – Beaverton Sustainability – Our business practices are built … Located in Marlinton, WV, Northwest Hardwoods is in the lumber plywood millwork & wood panels wholesale business. Northwest Hardwoods – Tacoma On November 23, 2020, Northwest Hardwoods, Inc. of Tacoma, WA, a privately held lumber manufacturer with 20 production facilities in the western, glacial, and Appalachian regions of the United States, filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Case No. At our core, Northwest Hardwoods is a no-nonsense company in a no-nonsense business. 20-13005). (253) 348-2753 Northwest Hardwoods, Inc., Forest Products. For All Sales Inquires: 800-553-5345 please call or submit a contact form. We work with you to choose the best product … This approach will ensure that the Company's operations continue without interruption, with employees, suppliers, vendors, contract counterparties and other trade creditors continuing to be paid in full and in the ordinary course. Debtor. Northwest Hardwoods, Inc. has filed for Chapter 11 bankruptcy, seeking to eliminate $270 million in debt and financially restructure the company, which has 30 facilities across North America. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities. On November 23, 2020, Northwest Hardwoods, Inc. and two (2) affiliated debtors (collectively, the "Debtors") each filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. Suite 280 … The remainder of the reorganized equity will be reserved for the Company's existing equity holders. 503-277-2600 Upon resolution, the secured noteholders will convert their ~$379 million of secured notes into $110 million of new exit term loans and 99% of the equity in reorganized NWH (subject to dilution by a management incentive plan). Message. Indianapolis, IN, 46254. Contact:Anne Shaffer [email protected] (253) 617-1837, Cision Distribution 888-776-0942 800-553-5345, Northwest Hardwoods – Beachwood Northwest Hardwoods, Inc. manufactures and distributes wood products. Northwest Hardwoods is the largest United States manufacturer of North American hardwood lumber based on sawmill capacity. NORTHERN HARDWOODS Hardwood sawmill and kiln dried concentration yard. [email protected] (253) 617-1837. If you need assistance or have any questions Country. Am 23. from 8 AM - 9 PM ET, HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. On November 23, 2020, Northwest Hardwoods, Inc. and certain of its affiliates ("NWH" or the "Company") took the next step in implementing its restructuring support agreement (the "RSA") by filing voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court"). Today's action is the product of extensive, collaborative, good faith negotiations among NWH and its key stakeholders. Northwest Hardwoods, Inc. is located in Tacoma, WA, United States and is part of the Lumber & Plywood Product Manufacturing Industry. Parties . Northwest Hardwoods - 1313 Broadway Suite 300, Tacoma, Washington 98402 - Rated 3.9 based on 1 Review "Marienville pa the management is all friends family" NWH serves the repair and remodel, residential construction, consumer discretionary, industrial, and export markets. Northwest Lumber Company. 25201 Chagrin Blvd. Northwest Hardwoods – Headquarters 1313 Broadway, Suite 300 Tacoma, WA 98402 253-568-6800. It manufactures and sells over 30 North American species, such as cherry, hard maple, and yellow poplar. An ad hoc group of the holders of the company's secured notes (the "Ad Hoc Group"), encompassing over 90% of the company's secured notes, has likewise expressed its support of this agreement. Most Common Hardwoods . A statement from the Ad Hoc Group stated "We believe in the long-term growth of Northwest Hardwoods, its incredible employees and the strength of its management team. 45807 Hwy M-26 Atlantic Mine, MI 49905 Phone: (906)487-6400 Fax: (906)487-6417 Web: www.northernhardwoods.com Contact: Ryan Peterson. Also from this source. Unlike the conifers or softwood firs, spruce and pines, hardwood trees have evolved into a broad array of common species. Northwest Hardwoods, Inc. Associated Cases. Incorporated in 1967, Northwest Hardwoods belongs to the Paper & Forest Products industry and specialises in Hardwood Lumber Products. Sean Matthew Beach Young, … 5035 Lafayette Road. Nathan Jeppson, CEO of Northwest Hardwoods said "Today marks an important milestone in our process to significantly reduce our debt so we can re-invest in long-term growth. Northwest Hardwoods – Beachwood 25201 Chagrin Blvd. This is useful in estimating the financial strength and credit risk of the company. Northwest Hardwoods – Tacoma 1313 Broadway, Suite 300 Tacoma, WA 98402 253-568-6800. 8905 SW Nimbus Ave. Suite 160 © Northwest Hardwoods, Inc. 2020 Allrights Reserved. Enter email address. Northwest Hardwoods – Beaverton 8905 SW Nimbus Ave. Suite 160 Beaverton, OR 97008 503-277-2600 800-553-5345. TACOMA, Wash., Nov. 24, 2020 /PRNewswire/ -- On November 23, 2020, Northwest Hardwoods, Inc. and certain of its affiliates ("NWH" or the "Company") took the next step in implementing its restructuring support agreement (the "RSA") by filing voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court"). The . In addition, NWH has received a commitment from Bank of America and Wells Fargo to refinance the existing ABL facility as part of the financial restructuring, ensuring that the Company will continue to have ready access to a working capital facility going forward. TACOMA, Wash., Nov. 24, 2020 /PRNewswire/ -- On November 23, 2020, Northwest Hardwoods, Inc. and certain of its affiliates ("NWH" or the "Company") took … Compare how recession-proof Northwest Hardwoods is relative to the industry overall. Northwest Hardwoods – Headquarters 1313 Broadway, Suite 300 Tacoma, WA 98402 253-568-6800. Northwest Hardwoods Website Traffic Analysis. Your Custom Text Here. Northwest Hardwoods, Tacoma, Washington. Northwest Hardwoods had debt of US$ 270 million. Tacoma, WA 98402 We are the largest manufacturer and global supplier of hardwood lumber. Significantly, the Bankruptcy Court authorized the Company to use over $22 million of available cash to pay all critical vendors and other service providers any pre-bankruptcy amounts owing as invoices for those amounts become due and owing. 317-293-1100. There are 38 companies in the Northwest Hardwoods, Inc. corporate family. Reviews for Northwest Hardwoods Reviews - What employees say. For General Sales Inquiries Please Contact 800-553-5345. 8.5K likes. All of the company's first day motions were approved by the court today on an interim basis, which enables the company to run operations, supply customers and pay vendors per the normal course of business. Location: 1313 Broadway, Suite 300, Tacoma, Washington 98402, US The most common species in North America are oaks, maple, hickory, birch, beech and cherry. Statement on Northwest Hardwoods’ Response to COVID-19. IN SUPPORT OF OUR MISSION WE HAVE FOUR INTEGRAL VALUES: OUR PEOPLE, OUR CUSTOMERS, OUR PRODUCTS AND OUR STEWARDSHIP. Email. Manufacture domestically, source globally, deliver reliably. Its North America operations include 20 facilities that produce over 20 species of domestic hardwoods. Manufacture domestically, source globally, deliver reliably. State. phone Email address 4070 DE Bar number State Case 20-13005-CSS Doc 1 Filed 11/23/20 Page 5 of 19 ... Northwest Hardwoods, Inc. 20-_____ (__) November 23, 2020 Delaware Case 20-13005-CSS Doc 1 Filed 11/23/20 Page 7 of 19. SEE OUR HARDWOODS Northwest Hardwoods began in the Pacific Northwest with a single alder mill. Northwest Hardwoods, Inc. has 2,000 total employees across all of its locations and generates $791.16 million in sales (USD). in support of our mission we have four integral values: our people, our customers, our products and our stewardship. Some key metrics are Average time spent on site is 3 minutes, Bounce Rate is 38% and average page per visit is 4 respectively. 1313 Broadway, Suite 300 Hardwoods Intermediate Holdings II, Inc. 1313 Broadway Suite 300 TacomA, WA 98402 PIERCE-WA Tax ID / EIN: xx-xxx7760 aka AIP/Hardwoods Funding Inc. aka AIP/Hardwoods Holdings, Inc aka Hardwoods Acquisition, Inc. aka Hardwoods Intermediate I, Inc. We are the largest manufacturer and global supplier of hardwood lumber. Jetzt seine Führungskräfte, darunter auch Chris Hannon , per E-Mail kontaktieren . SOURCE Northwest Hardwoods × Modal title. The company offers wood pallet systems, hardwoods, exotic woods, and plywoods of multiple grades, thicknesses, widths, and lengths. Northwest Hardwoods Inc., owned by private-equity firm Littlejohn & Co., on Friday said it reached an agreement on a financial restructuring that will reduce its debt by about $270 million. Tacoma Headquarters 1313 Broadway Suite 300 Tacoma, WA 98402 Phone: (360) 577-6678 Web: www.northwesthardwoods.com 216-831-4734, Northwest Hardwoods – Headquarters The financial restructuring is specifically designed to ensure that NWH's executive team can remain focused on go-forward operations, which will continue in the ordinary course without interruption. Products; Contact; About; Newsletter; Furniture-grade hardwoods from around the corner to around the world! For All Sales Inquires: 800-553-5345 Northwest Hardwoods, Inc. is located in Tacoma, WA, United States and is part of the Lumber & Plywood Product Manufacturing Industry. Headquartered in Tacoma, Washington, Northwest Hardwoods (“NWH” or the “Company”) is the world’s leading manufacturer and distributor of North American hardwood lumber and is recognized as the “Gold Standard” in its industry. This action will allow the company to meaningfully reduce its overall debt, without any interruption to current operations. City. Northwest Hardwoods, Tacoma, Washington. For General Sales Inquiries Please Contact 800-553-5345. 317-293-1100. TACOMA, Wash., Nov. 6, 2020 /PRNewswire/ -- Northwest Hardwoods, Inc. and certain of its affiliates ("NWH" or the "Company") announced today that the … Located in Marlinton, WV, Northwest Hardwoods is in the lumber plywood millwork & wood panels wholesale business. Northwest Hardwoods laid off more than 40 employees at its Longview mill in the wake of the company’s struggle to secure a steady supply of raw materials. AT NORTHWEST HARDWOODS OUR MISSION IS TO RELIABLY AND PROFITABLY DELIVER THE HIGHEST QUALITY HARDWOOD LUMBER AND COMPLEMENTARY PRODUCTS IN THE INDUSTRY. NWH is the largest United States manufacturer of North American hardwood lumber based on sawmill capacity, with a current estimated annual hardwood lumber capacity of approximately 320 million board feet. Northwest Hardwoods is considered a large business with 5000 to 9999 square footage of space. Specifically, the RSA accomplishes several key objectives: 1) reduce the company's debt by $270 million 2) significantly reduces debt service obligations, thereby increasing cash flow available for re-investment in the business and 3) most importantly, accomplishes this without reducing employee pay or benefits and with no expected impairments to customers or vendors. NWH is represented by Gibson, Dunn & Crutcher LLP and Young Conaway Stargatt & Taylor, LLP as legal co-counsels and Huron Consulting Group as financial advisor. We also offer a wide range of industrial products from our eastern production locations including pallet cants, pallet boards, fence boards, rail ties and flooring grade lumber. This case has no creditors listed. 253-568-6800, North American Hardwood Lumber Manufacturing and Distribution. Operating for 10 or more years, they have an annual income of $10 to 50 million. Throughout this process, we will continue to serve our customers and deliver on our mission of delivering the best hardwoods products in the industry. Jason replaces Jim Canter who has acted as interim GM since last year. 800-829-9663 Northwest Hardwoods auf LinkedIn, Twitter & YouTube Northwest Hardwoods hat 290 Konkurrenten , einschließlich International Paper (USA) , Ahlstrom-Munksjo (Schweden) und Arauco (Chile) . Northwest Hardwoods, Tacoma, Washington. IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE ) In re: ) Chapter 11 ) NORTHWEST HARDWOODS, INC., et al.,1 Debtors. ) Manufacture domestically, source globally, deliver reliably. There are 38 companies in the Northwest Hardwoods, Inc. corporate family. Northwest Hardwoods announces that Jason Gobel, currently Product Marketing Director – East Business Unit, has been appointed to the position of General Manager – Specialty Products Business Unit, effective December 1st, 2020.
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