Operating for 10 or more years, they have an annual income of $10 to 50 million. 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. Northwest Hardwoods, Inc. is located in Tacoma, WA, United States and is part of the Lumber & Plywood Product Manufacturing Industry. 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. We offer an extensive selection of hard to find hardwood species that are available for wholesale and retail. Today, we offer virtually every species and grade of commercially viable North American hardwood lumber. The secured noteholders are represented by Willkie Farr & Gallagher LLP as legal counsel and Guggenheim Securities, LLC as financial advisor. The company is located in Tacoma, United States and has an estimated revenue and employee in the range of $50 to $500 million and 1001-5000 respectively. Jetzt seine Führungskräfte, darunter auch Chris Hannon , per E-Mail kontaktieren . This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities. 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. Manufacture domestically, source globally, deliver reliably. If you need assistance or have any questions 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 The . Northwest Hardwoods has a reputation for being a highly versatile supplier amongst distributors, manufacturers and makers. Determine whether Northwest Hardwoods grew or shrank during the last recession. Northwest Hardwoods is the largest United States manufacturer of North American hardwood lumber based on sawmill capacity. As announced on November 6th, the Company entered into the 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 delever its balance sheet by ~$270 million and position NWH for future growth and success. Northwest Hardwoods, Inc. is located in Tacoma, WA, United States and is part of the Lumber & Plywood Product Manufacturing Industry. SOURCE Northwest Hardwoods × Modal title. There are 38 companies in the Northwest Hardwoods, Inc. corporate family. Northwest Hardwoods is considered a large business with 5000 to 9999 square footage of space. Unlike the conifers or softwood firs, spruce and pines, hardwood trees have evolved into a broad array of common species. City. Beaverton, OR 97008 Northwest Hardwoods – Beaverton 8905 SW Nimbus Ave. Suite 160 Beaverton, OR 97008 503-277-2600 800-553-5345. It manufactures and sells over 30 North American species, such as cherry, hard maple, and yellow poplar. Learn more now. NORTHWEST HARDWOODS Sawmill. 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"). Tacoma, WA 98402 About Northwest Hardwoods. NORTHERN HARDWOODS Hardwood sawmill and kiln dried concentration yard. Over the years, the company has steadily grown and expanded to become one of the largest manufacturers of hardwood lumber in North America. Northwest Hardwoods is considered a large business with 5000 to 9999 square footage of space. Email. 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. 1313 Broadway Street Tacoma, WA 98402. There are 38 companies in the Northwest Hardwoods, Inc. corporate family. Debtor. 8.4K likes. 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. Most Common Hardwoods . Beachwood, OH 44122 Its North America operations include 20 facilities that produce over 20 species of domestic hardwoods. 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). 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. Suite 280 IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE ) In re: ) Chapter 11 ) NORTHWEST HARDWOODS, INC., et al.,1 Debtors. ) Indianapolis, IN, 46254. 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. We are the largest manufacturer and global supplier of hardwood lumber. NWH serves the repair and remodel, residential construction, consumer discretionary, industrial, and export markets. This is useful in estimating the financial strength and credit risk of the company. Operating for 10 or more years, they have an annual income of $10 to 50 million. Message. Northwest Hardwoods is a Tacoma, Washington-based lumber manufacturer backed since 2014 by Littlejohn & Co. and CITIC Capital Partners. Northwest Hardwoods – Tacoma 1313 Broadway, Suite 300 Tacoma, WA 98402 253-568-6800. TACOMA, Wash., Nov. 6, 2020 /PRNewswire/ -- Northwest Hardwoods, Inc. and certain of its affiliates ("NWH" or the "Company") announced today that the … 20-[____] (___) … at northwest hardwoods our mission is to reliably and profitably deliver the highest quality hardwood lumber and complementary products in the industry. Northwest Hardwoods auf LinkedIn, Twitter & YouTube Northwest Hardwoods hat 290 Konkurrenten , einschließlich International Paper (USA) , Ahlstrom-Munksjo (Schweden) und Arauco (Chile) . 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. 1313 Broadway, Suite 300 For All Sales Inquires: 800-553-5345 5035 Lafayette Road. Location: 1313 Broadway, Suite 300, Tacoma, Washington 98402, US 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. 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. We rely on on-time and on-grade quality. At our core, Northwest Hardwoods is a no-nonsense company in a no-nonsense business. Incorporated in 1967, Northwest Hardwoods belongs to the Paper & Forest Products industry and specialises in Hardwood Lumber Products. Northwest Hardwoods, Inc., Forest Products. Northwest Hardwoods – Headquarters 1313 Broadway, Suite 300 Tacoma, WA 98402 253-568-6800. We are the largest manufacturer and global supplier of hardwood lumber. Products; Contact; About; Newsletter; Furniture-grade hardwoods from around the corner to around the world! Country. 800-553-5345, Northwest Hardwoods – Beachwood Northwest Hardwoods – Tacoma This case has no creditors listed. The company operates through a network of sawmills, lumber concentration and dry kiln yards, merchandising log yards, remanufacturing plants, and sales offices in the U.S., Canada, China, and … 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. Northwest Hardwoods, Tacoma, Washington. Today's action is the product of extensive, collaborative, good faith negotiations among NWH and its key stakeholders. 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. We look forward to a successful process and future for Northwest Hardwoods". CAPTCHA. Tacoma, WA 98402 8.5K likes. We are the largest manufacturer and global supplier of hardwood lumber. This action will allow the company to meaningfully reduce its overall debt, without any interruption to current operations. Also from this source. We are the largest manufacturer and global supplier of hardwood lumber. We work with you to choose the best product … Nathan Jeppson, CEO of Northwest Hardwoods said "Today marks an important milestone in our process to significantly reduce our debt so we can … 253-568-6800, North American Hardwood Lumber Manufacturing and Distribution. The remainder of the reorganized equity will be reserved for the Company's existing equity holders. 8905 SW Nimbus Ave. Suite 160 Northwest Hardwoods Email Format Northwest Hardwoods uses 1 email formats, with (firstname)(l) (ex. Northwest Hardwoods, Inc. has 2,000 total employees across all of its locations and generates $791.16 million in sales (USD). The most common species in North America are oaks, maple, hickory, birch, beech and cherry. 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. IN SUPPORT OF OUR MISSION WE HAVE FOUR INTEGRAL VALUES: OUR PEOPLE, OUR CUSTOMERS, OUR PRODUCTS AND OUR STEWARDSHIP. Compare how recession-proof Northwest Hardwoods is relative to the industry overall. Northwest Hardwoods Alder and Pacific Coast Maple pallet stock is included in the NWPCA Pallet Design System and has been widely accepted in markets across the country. TACOMA, Wash., Nov. 24, 2020 /PRNewswire/ -- On November 23, 2020, Northwest Hardwoods, Inc. and certain of its affiliates ("NWH" or the "Company") took … © Northwest Hardwoods, Inc. 2020 Allrights Reserved. Northwest Lumber Company. Debtor. Northwest Hardwoods Website Traffic Analysis. 8.5K likes. Manufacture domestically, source globally, deliver reliably. Reviews for Northwest Hardwoods Reviews - What employees say. Sean Matthew Beach Young, … Northwest Hardwoods, Inc. has 2,000 total employees across all of its locations and generates $791.16 million in sales (USD). Manufacture domestically, source globally, deliver reliably. AT NORTHWEST HARDWOODS OUR MISSION IS TO RELIABLY AND PROFITABLY DELIVER THE HIGHEST QUALITY HARDWOOD LUMBER AND COMPLEMENTARY PRODUCTS IN THE INDUSTRY. Hauptgrund der Umstrukturierungsmaßnamen sind der Handelskonflikt mit China und der volatile heimische Bausektor. 45807 Hwy M-26 Atlantic Mine, MI 49905 Phone: (906)487-6400 Fax: (906)487-6417 Web: www.northernhardwoods.com Contact: Ryan Peterson. 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. 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. 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"). 253-568-6800, Northwest Hardwoods – Beaverton in support of our mission we have four integral values: our people, our customers, our products and our stewardship. Located in Marlinton, WV, Northwest Hardwoods is in the lumber plywood millwork & wood panels wholesale business. ) ) Case No. State. Suite 280 … The company offers wood pallet systems, hardwoods, exotic woods, and plywoods of multiple grades, thicknesses, widths, and lengths. 8.4K likes. For General Sales Inquiries Please Contact 800-553-5345. Northwest Hardwoods, Tacoma, Washington. 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. 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. The Company offers hardwood, plywood and lumber products. Northwest Hardwoods is a manufacturer of high-quality hardwood lumber in North America. Northwest Hardwoods, Inc. manufactures and distributes wood products. 800-829-9663 Northwest Hardwoods had debt of US$ 270 million. The Company serves more than 2,000 active customers across over 60 countries. Northwest Hardwoods, Tacoma, Washington. 25201 Chagrin Blvd. 20-13005). 216-831-4734, Northwest Hardwoods – Headquarters 317-293-1100. 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. Tacoma Headquarters 1313 Broadway Suite 300 Tacoma, WA 98402 Phone: (360) 577-6678 Web: www.northwesthardwoods.com 317-293-1100. Your Custom Text Here. SEE OUR HARDWOODS Northwest Hardwoods began in the Pacific Northwest with a single alder mill. Parties . 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