Pinus ponderosa

Restoration Forest Products Successfully Completes Financial Restructuring

Retrieved on: 
Thursday, April 11, 2024
Forest Products, Natural Resources, Other Natural Resources, Sale, Risk, Pinus ponderosa, Health, Partnership, Wildfire, Workforce

Restoration Forest Products Group, LLC (together with its subsidiaries, “RFOR” or the “Company”), the leading sustainable forest products business in the Southwest United States, today announced that it has successfully emerged from Chapter 11 with a strengthened balance sheet and increased financial flexibility to generate significant economic value in the Northern Arizona region.

Key Points: 
  • Restoration Forest Products Group, LLC (together with its subsidiaries, “RFOR” or the “Company”), the leading sustainable forest products business in the Southwest United States, today announced that it has successfully emerged from Chapter 11 with a strengthened balance sheet and increased financial flexibility to generate significant economic value in the Northern Arizona region.
  • “Today marks the beginning of a new chapter at RFOR and a step forward in advancing our mission to aid in the restoration of Arizona’s forests,” said Tony Flagor, Chief Executive Officer of Restoration Forest Products.
  • As we near completion of our facility in Bellemont, Arizona, we are well-positioned to build on our momentum, strengthen our operational foundation and expand our forest restoration initiatives.”
    During the court-supervised process, RFOR continued its forest treatment efforts across 4 of its 7 timber sale tracts.
  • Potter Anderson & Corroon LLP served as legal counsel, Intrepid Investment Bankers served as financial advisor, and Riveron Management Services served as Chief Restructuring Officer to Restoration Forest Products.

The Maker of Quilted Northern® to Plant 20,000 Trees Across Tahoe and Stanislaus National Forests This Spring

Retrieved on: 
Wednesday, May 8, 2019
Regions of the United States, Flora of North America, Flora of the United States, Ornamental trees, Lake Tahoe, Tahoe National Forest, Pinus ponderosa, Douglas fir, Pine, Abies concolor

Trees of Comfort will help provide relief to California's National Forests, whose tree populations have suffered from wildfires and invasive diseases.

Key Points: 
  • Trees of Comfort will help provide relief to California's National Forests, whose tree populations have suffered from wildfires and invasive diseases.
  • This spring, the plantings include nearly 1,500 Sugar Pine and Jeffrey Pine trees in Tahoe National Forest, and more than 18,500 Ponderosa Pine, Sugar Pine, White Fir, Douglas Fir, and Incensed Cedar trees in Stanislaus National Forest.
  • All the trees used to make Quilted Northern EcoComfort are responsibly sourced and certified to the Sustainable Forestry InitiativeFiber Sourcing Standard.
  • The trees planted in the Tahoe National Forest and Stanislaus National Forest are critical to the restoration and protection of these important eco-systems."