Northwest Hardwoods acquired by Littlejohn & Co, Name of the organization that made the acquisition, Descriptive keyword for an Organization (e.g. Northwest Hardwoods, Inc. manufactures kiln-dried hardwood lumber, as well as pallet shook and railroad ties to the furniture, cabinet, and millwork industries. At our core, Northwest Hardwoods is a no-nonsense company in a no-nonsense business. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. A free inside look at Northwest Hardwoods salary trends based on 16 salaries wages for 15 jobs at Northwest Hardwoods. NWH is also one of North America’s largest importers of tropical hardwood lumber and hardwood plywood panels and operates a global distribution network to deliver a full complement of hardwood products to over 1,660 customers worldwide. Active, Closed, Whether an Organization is for profit or non-profit, Auto-generated name of transaction (e.g. Nov 23: 1 Petition Chapter 11 Voluntary Petition . Northwest Hardwoods, Inc. manufactures and distributes wood products. We are the largest manufacturer and global supplier of hardwood lumber. We are the largest manufacturer and global supplier of hardwood lumber. The downgrade on Northwest Hardwoods Inc. primarily reflects what we believe to be increasing refinancing risk, as well as subdued expectations for operating results in 2019. Northwest Hardwoods, Tacoma, Washington. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. Northwest Hardwoods, Tacoma, Washington. 8.4K likes. It manufactures and sells over 30 North American species, such as cherry, hard maple, and yellow poplar. Northwest Hardwoods, Inc. (US:412418AA3) institutional ownership structure shows current positions in the company by institutions and funds, as well as latest changes in position … Company Description. Over the years, the company has steadily grown and expanded to become one of the largest manufacturers of hardwood lumber in North America. We would consider such a debt restructuring to be distressed and tantamount to a default. 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 serves customers in … Manufacture domestically, source globally, deliver reliably. Together they have raised over 0 between their estimated 2.6K employees. Northwest Hardwoods is a Tacoma, Washington-based lumber manufacturer backed since 2014 by Littlejohn & Co. and CITIC Capital Partners. At the same time, S&P lowered its issue-level rating on the company’s senior secured notes to ‘D’ from ‘CCC-’. NWH's revenue is the ranked 2nd among it's top 10 competitors. Today, we offer virtually every species and grade of commercially viable North American hardwood lumber. 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. Northwest Hardwoods, Inc., (HQ: Tacoma, WA), filed a voluntary Chapter 11 bankruptcy petition on November 23, 2020. 20-13005). Salaries, reviews and more - all posted by employees working at Northwest Hardwoods. Incorporated in 1967, Northwest Hardwoods belongs to the Paper & Forest Products industry and specialises in Hardwood Lumber Products. Moody's Investors Service 06 Feb 2015 Rating Action Moody's affirms Northwest Hardwoods' B2 CFR; rating outlook stable. Northwest Hardwoods, Tacoma, Washington. For All Sales Inquires: 800-553-5345 Northwest Hardwoods, Inc. has 2000 total employees across all of its locations and generates $845.12 million in sales (USD). We rely on on-time and on-grade quality. TACOMA, Wash., Nov. 6, 2020 /PRNewswire/ -- Northwest Hardwoods, Inc. and certain of its affiliates ("NWH" or the "Company") announced today that the Company has entered into a … Northwest Hardwoods is considered a large business with 5000 to 9999 square footage of space. 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. Northwest Hardwoods is the largest United States manufacturer of North American hardwood lumber based on sawmill capacity. Over the past 12-18 months, the company has been adversely affected by weak lumber pricing and lower domestic and export demand, particularly from China (accounting for approximately 15%-20% of total revenues). Says Going Concern Doubt Not Yet Alleviated, Turnarounds & Workouts Annual Single-User Subscription. Northwest Hardwoods’s revenue is $700 Million Manufacture domestically, source globally, deliver reliably. No one knows hardwoods like Northwest Hardwoods. Northwest Hardwoods had debt of US$ 270 million. Northwest Hardwoods – Headquarters 1313 Broadway, Suite 300 Tacoma, WA 98402 253-568-6800. Northwest Hardwoods – Headquarters 1313 Broadway, Suite 300 Tacoma, WA 98402 253-568-6800. Fee Amount $1717. The kiln drying process establishes consistent dimensional stability and improves the boards’ visual characteristics and finish. The. S&P now views Northwest Hardwoods’ liquidity as weak because its senior credit facility and notes will both come due in the next 12 months and there is a material deficit in the company’s sources of liquidity relative to its uses. NWH’s lumber is a primary material used in the manufacturing of a multitude of products including: kitchen cabinets, hardwood flooring, molding, millwork, commercial interiors, furniture, boat and recreational vehicle interiors, musical instruments, railroad ties, and pallets. In its bankruptcy filing, Northwest Hardwoods, Inc., claimed $100 to $500 million in estimated liabilities.. Company converts hardwood logs into rough cut and kiln dried (“KD”) lumber, and then planes and sorts the lumber boards into an array of quality grades for appearance wood applications. It manufactures and sells over 30 North American species, such as cherry, hard maple, and yellow poplar. The Company offers 15 different lumber species, including alder, ash, basswood, birch, butternut, cherry, hickory, hard maple, Pacific Coast maple, soft maple, yellow poplar, red oak, white oak, walnut, and hemlock. The company offers wood pallet systems, hardwoods, exotic woods, and plywoods of multiple grades, thicknesses, widths, and lengths. Northwest Hardwoods aims to be the market’s first choice based on its emphasis on sustainable forestry, customer communication, respect, and honesty. Operating for 10 or more years, they have an annual income of $10 to 50 million. 8.5K likes. WhatsApp acquired by Facebook), World’s leading manufacturer and distributor of North American hardwood lumber, United States Real Estate Companies (Top 10K), Manufacturing Companies that Exited (Top 10K), Manufacturing Acquired Companies (Top 10K). Northwest Hardwoods, Inc.: Northwest Hardwoods’ downsizing of its 7.5% senior secured notes due 2021 does not change ratings. "On November 23, Northwest Hardwoods and certain of … SEE OUR HARDWOODS Northwest Hardwoods began in the Pacific Northwest with a single alder mill. NWH has 1,500 employees and is ranked 1st among it's top 10 competitors. About Northwest Hardwoods. What is Northwest Hardwoods’s Revenue? 8.5K likes. We expect continued weak performance for Northwest Hardwoods as demand remains depressed and pricing remains weak from the impact of COVID-19 on economic activity. S&P Global Ratings lowered its issuer credit rating on U.S.-Based Northwest Hardwoods Inc. to ‘SD’ (selective default) from ‘CCC-’. 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. However, the company has been able to generate some positive cashflows driven primarily by cost curtailment actions and liquidation of inventories and receivables. Largest shareholders include . We began in the Pacific Northwest with a single alder mill in 1967. Manufacturer and supplier of lumber products. Located in Marlinton, WV, Northwest Hardwoods is in the lumber plywood millwork & wood panels wholesale business. Softening demand and lumber pricing, coupled with weak economic activity in China have affected the company’s performance over the last 18-24 months. The COVID-19 outbreak in early 2020 has further dampened demand levels. Also the company is in discussions with its largest noteholders regarding a consensual restructuring. Northwest Hardwoods General Information Description. “We believe it is unlikely that Northwest Hardwoods will make the August 1 interest payment due on its senior secured notes absent a debt restructuring,” S&P said. Northwest Hardwoods (NWH) has entered into a restructuring agreement with shareholders to help it recover $270 million in debt. Revenue: $100 to $500 million (USD) Competitors: UNKNOWN. “While the company may have sufficient liquidity to make the August 1 interest payment, we think it is unlikely it will make the interest payment without pursuing some type of debt restructuring. Salaries posted anonymously by Northwest Hardwoods employees. 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. We are the largest manufacturer and global supplier of hardwood lumber. Northwest Hardwoods is a manufacturer of high-quality hardwood lumber in North America. 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 Japan. 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. “In addition, our view also incorporates that Northwest Hardwoods’ entire capital structure, including its senior secured credit facility and senior notes, come due in the next 12 months,” the rating agency said. S&P will reassess its ratings upon future developments regarding interest payments or restructuring. The semiannual interest payment on Northwest Hardwoods’ 7.5% senior secured notes was due on Aug. 1, 2020. Northwest Hardwoods, Inc. (US:412418AA3) has 18 institutional owners and shareholders that have filed 13D/G or 13F forms with the Securities Exchange Commission (SEC). Therefore, we are lowering our issuer credit rating on Northwest Hardwoods to ‘SD’ and our issue-level rating on its senior secured notes to ‘D’,” S&P said. The Company offers hardwood, plywood and lumber products. Northwest Hardwoods has a reputation for being a highly versatile supplier amongst distributors, manufacturers and makers. TACOMA, Wash. - Hardwood lumber giant Northwest Hardwoods has filed for Chapter 11 bankruptcy. And Matt McCall recently told InvestorPlace readers that analysts are bullish on the company’s future revenue:Analysts expect revenue to ring … Our assumptions for 2018 EBITDA are less than originally expected, driven by higher log prices that squeezed gross margins by 230 basis points (bps) in the third quarter. 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, … The top 10 competitors average 237.3M. WEWORK COMPANIES: S&P Affirms ‘CCC+’ ICR; Outlook Negative, GLOBAL EAGLE: Mgt. As the premier provider in the industry, Northwest offers the highest quality and most innovative products, best service, and … Northwest Hardwoods Blog Northwest Hardwoods, Inc. and 3D Source Jointly Announce Major Industry Innovation to Solve Key Interior Design Challenge Tacoma, Washington - Northwest Hardwoods, Inc., a leading manufacturer of high quality hardwood lumber in North America, has teamed up with 3D Source, a provider of 3D interactive, animation, modeling and print services. The company also imports and distributes exotic hardwood lumber, hardwood plywood panel products, and engineered wood components and sells remanufactured oriented strand board (OSB) and other engineered wood products. Among the largest unsecured claims are: For All Sales Inquires: 800-553-5345 The top 10 competitors average 691. Manufacture domestically, source globally, deliver reliably. Northwest Hardwoods is a manufacturer of high-quality hardwood lumber in North America. 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