Weyerhaeuser to Sell Princeton, B.C., Lumber Mill to Gorman Group

West Kelowna's Gorman Group purchases Princeton mill for $120M

The agreement to local buyers includes the manufacturing facility and associated timber licenses in B.C.

West Kelowna-based Gorman Group agrees to $120 million purchase of Princeton lumber mill

A family-owned wood products manufacturer based out of West Kelowna has reached an $120 million agreement to purchase Weyerhaeuser Company’s lumber mill operation in Princeton.

Kelowna-based company buys Princeton lumber mill from forestry giant Weyerhaeuser

Gorman Bros. Lumber Ltd. to pay $120 million in cash to Weyerhaeuser for the mill and associated timber licences

Weyerhaeuser spins off B.C. lumber mill

The deal includes a manufacturing facility and associated timber licenses.

Weyerhaeuser to Sell Princeton, B.C., Lumber Mill to Gorman Group

Agreement with local buyer includes manufacturing facility and associated timber licenses in British Columbia

Further Price Reductions Spurred Lumber Sales - Wood Business

Demand for most segments of the North American solid wood products market continued to meander despondently. Southern yellow pine appeared to be the only bright spot.  In the week ending May 9, 2025, the price of benchmark softwood lumber item Western Spruce-Pine-Fir 2×4 #2&Btr KD (RL) was US$430 mfbm. This is down -$30, or -7%, from the previous week when it was $460, said weekly forest products industry price guide newsletter, Madison’s Lumber…