Plywood

Boise Cascade reported net income of $96.7 million, or $2.43 per share, on sales of $1.5 billion for the Q1 ended March 31, 2023, compared with net income of $302.6 million, or $7.61 per share, on sales of $2.3 billion for the Q1 ended March 31, 2022.

UPM Plywood will begin employee negotiations involving 262 salaried employees in the staff and global functions, in the sales offices and in the Finnish mills. It is estimated that the maximum reduction is 35 positions.

Henrik Ehrnrooth was elected as Chair, and Kim Wahl as Deputy Chair of the Board of Directors of UPM-Kymmene Corporation at the Board of Directors’ constitutive meeting that took place today following the Annual General Meeting.

Palmer-Donavin has acquired Diamond Hill Plywood, a major wholesale distributor of building materials. The company has five distribution centers in Virginia, Tennessee, and the Carolinas, serving customers throughout the Southeast.