PotlatchDeltic
American diversified forest products company
PotlatchDeltic Corporation (originally Potlatch Corp) is an American diversified forest products company based in Spokane, Washington.
It manufactures and sells lumber, panels and particleboard and receives revenue from other assets such as mineral rights and the leasing of land as well as the sale of land considered expendable. In February 2018, Potlatch acquired Deltic Timber Corp., a smaller Arkansas-based timber company. Following the merger, the company was renamed PotlatchDeltic Corporation. In 2021, the company harvested 5,515,000 tons of lumber. In 2022, PotlatchDeltic merged with CatchMark Timber Trust, Inc.
History
Origins
The Potlatch Lumber Company was incorporated in 1903 with an authorized capital of $3.0 million by a consortium of lumber investors, including William Deary of Northland Pine Company, Henry Turrish of Wisconsin Log and Lumber, and Frederick Weyerhaeuser, who was also an investor in Deary's Northland Pine business. Frederick Weyerhaeuser's son Charles A. Weyerhaeuser became the company's first President and held that role until his death in 1930, while Deary was named the company's General Manager. Potlatch planned a lumber mill on the Palouse River in north central Idaho and began construction in 1905, completing it in 1906.
The company town of Potlatch was built to serve the mill, and over 200 buildings were designed by architect C. Ferris White for the firm.
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This entry incorporates text from “PotlatchDeltic” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.