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Companies in the timber industry / Global Trends / Market Analysis / Forestry / Lumber / Sawmilling / Wood Products / Global / North America
November 25, 2020

Largest hardwood producer in US files for bankruptcy due to Covid-19 pandemic

Largest hardwood producer in US files for bankruptcy due to Covid-19 pandemic
Northwest Hardwoods Inc., the largest hardwood lumber producer in US, retreated into Chapter 11 in Delaware early Monday, saying fallout from trade disputes with China and the blighting of markets by the COVID-19 pandemic had stunted its ability to service more than $420 million in secured debt.    The ongoing COVID-19 pandemic has pushed several lumber companies into bankruptcy. Northwest Hardwoods on Monday became the latest to seek Chapter 11 protection with more than $420 million in debt.    The company reported plans for a restructuring and refinancing after telegraphing its moves ...

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