Minn. investment firm buys shuttered ...

Minn. investment firm buys shuttered Oregon mill

There are 40 comments on the kstp.com story from Jun 15, 2008, titled Minn. investment firm buys shuttered Oregon mill. In it, kstp.com reports that:

A Minnesota investment firm has been cleared by a bankruptcy judge to purchase Halsey's Pope & Talbot pulp mill, which put 180 people out of work when it closed in May.

Officials at Wayzata Investment Partners have declined to comment on their future plans for the mill. The Minnesota firm, which specializes in private equity and hedge funds, purchased the mill for $31.15 million.

Join the discussion below, or Read more at kstp.com.

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Canuck

Campbell River, Canada

#21 Jul 3, 2008
Pulp in Town wrote:
<quoted text>
I did get my deposit this morning..kind of depressing though...hope baleline is right and we can get back some of our wages,reduce the health care costs..it will be hard to stay here if they don't... people in the retail industry pay this much but not what you would expect in the pulp & paper industry.
7 weeks off work
stuck with thousands of dollars of medical and prescription costs
boned on our vacation and severence
and we are all supposed to have a big grin..that is a tough pill to swallow...
Why are you yanks so against public health care when you obviously need it? I'll never understand the selfishness of not wanting to help your fellow countrymen out by having taxes supporting health. Our taxes may be higher up here but damn we get it all back in spades when we're sick or need to see the dentist. Our health care could be a lot better but from your posts, I'd be scared to live in the USA. I hope you all get health care soon. No one should have to sell their house because they need chemo.
Baleline

Cottage Grove, OR

#22 Jul 3, 2008
Yeah we is currently getting hammered
Daughter works in retail, only gets about $8.00/hour, BUT her medical insurance is less than $40.00 per month
Also getting tired of having to fill out the same forms to different places in a (vain?) attempt to recoup some of the money P&T took off with
machine tender

Qualicum Beach, Canada

#24 Aug 26, 2008
Pulp in Town wrote:
<quoted text>
I did get my deposit this morning..kind of depressing though...hope baleline is right and we can get back some of our wages,reduce the health care costs..it will be hard to stay here if they don't... people in the retail industry pay this much but not what you would expect in the pulp & paper industry.
7 weeks off work
stuck with thousands of dollars of medical and prescription costs
boned on our vacation and severence
and we are all supposed to have a big grin..that is a tough pill to swallow...
It has been 2 1/2 months since the last post on this forum. How are things looking now? Any light at the end of the tunnel? What are the pay rates like? How many people went back to work there?
Baleline

United States

#25 Aug 26, 2008
machine tender wrote:
<quoted text>
It has been 2 1/2 months since the last post on this forum. How are things looking now? Any light at the end of the tunnel? What are the pay rates like? How many people went back to work there?
Still pretty dark around here.
Payrates are the same, but company has recognized the unions (like they had a choice) and we have openned negotiations (however long that will take). Share of medical cost down to 30%(about $1.50 US per hour) Most of the operations people are back and some of maintainance. Have had people quit and go elsewhere. One Loader quit and started next door for almost a dollar more per hour. Rumors of maintainance types looking for work elsewhere (They can do better just about anywhere). Company advertizing for office and maintainance people. Most people holding on hoping for things to get better
machine tender

Gabriola, Canada

#26 Sep 7, 2008
Baleline wrote:
<quoted text>
Still pretty dark around here.
Payrates are the same, but company has recognized the unions (like they had a choice) and we have openned negotiations (however long that will take). Share of medical cost down to 30%(about $1.50 US per hour) Most of the operations people are back and some of maintainance. Have had people quit and go elsewhere. One Loader quit and started next door for almost a dollar more per hour. Rumors of maintainance types looking for work elsewhere (They can do better just about anywhere). Company advertizing for office and maintainance people. Most people holding on hoping for things to get better
Thanks for the info. What happened when you visited the owners offices last week in Minn.? Do they care?
Baleline

Portland, OR

#27 Sep 7, 2008
If the "visit" wasn't so pathetic it would be funny.
About 40 people showed up at the Watzata offices, milled around for about an hour then left shouting "We'll be back" (shiver shiver).
Hell the town over reacted so there were almost as many "Public Safety Officers" there as marchers.
To early for any reactions from Wayzata
machine tender

Canada

#28 Sep 21, 2008
Baleline wrote:
If the "visit" wasn't so pathetic it would be funny.
About 40 people showed up at the Watzata offices, milled around for about an hour then left shouting "We'll be back" (shiver shiver).
Hell the town over reacted so there were almost as many "Public Safety Officers" there as marchers.
To early for any reactions from Wayzata
Here is a quote from another blog post. Really it says it all about Pope and Talbot in the last few years. "The demise of P&T, HARMAC, and the rest of the empire lies squarely on Peter Pope shoulders for hiring and incompetent replacement CEO and allowing nepitism to prevail in putting his daughter in a major position of authority without a proven track record. She continued to leverage the comapany in questionable lease deal for upgrading the Halsey bleach plant then decided buying more lumber assets on high interest credit was a bold business move. Although Mike had enough gonads to drop bombs in "Nam" he could not find them when it came to saying no to Maria. The interest payments piled up and were distributed among the local mills which made every facility lose money except Halsey which had a par dollar and BC Logs shipped south in its favor." What do you think?
paper is king

Littlerock, WA

#29 Sep 22, 2008
I think Halsey is making lots of money right now and the workers there are getting the screws put to them by the new owner....
IJKLMNOP

Duncan, Canada

#30 Sep 22, 2008
machine tender wrote:
<quoted text> Here is a quote from another blog post. Really it says it all about Pope and Talbot in the last few years. "The demise of P&T, HARMAC, and the rest of the empire lies squarely on Peter Pope shoulders for hiring and incompetent replacement CEO and allowing nepitism to prevail in putting his daughter in a major position of authority without a proven track record. She continued to leverage the comapany in questionable lease deal for upgrading the Halsey bleach plant then decided buying more lumber assets on high interest credit was a bold business move. Although Mike had enough gonads to drop bombs in "Nam" he could not find them when it came to saying no to Maria. The interest payments piled up and were distributed among the local mills which made every facility lose money except Halsey which had a par dollar and BC Logs shipped south in its favor." What do you think?
You are machine tender on this site and ABCDEFGH on the Harmac site? We know you read the Pope and Talbot book. What are you trying to do justify the money you spent? Get a hobby!!
Baleline

Glide, OR

#31 Sep 22, 2008
machine tender wrote:
<quoted text> Here is a quote from another blog post. Really it says it all about Pope and Talbot in the last few years. "The demise of P&T, HARMAC, and the rest of the empire lies squarely on Peter Pope shoulders for hiring and incompetent replacement CEO and allowing nepitism to prevail in putting his daughter in a major position of authority without a proven track record. She continued to leverage the comapany in questionable lease deal for upgrading the Halsey bleach plant then decided buying more lumber assets on high interest credit was a bold business move. Although Mike had enough gonads to drop bombs in "Nam" he could not find them when it came to saying no to Maria. The interest payments piled up and were distributed among the local mills which made every facility lose money except Halsey which had a par dollar and BC Logs shipped south in its favor." What do you think?
Can't reply as to the "BC logs shipped south" but we had the advantage as far as the exchange rate most of the time. BUT before you assume that it was all roses here at Halsey while P&T still owned the place listen up. Two years ago 9 progression ladder jobs were eliminated with people going to the sparehand pool (at least 1 quit rather than stay). A couple major improvement projects were halted (and haven't been restarted yet). And forget getting any extra help, when needed, if it involved overtime, and wasn't going to interfer with poduction.
Baleline

Glide, OR

#32 Sep 22, 2008
Baleline wrote:
If the "visit" wasn't so pathetic it would be funny.
About 40 people showed up at the Watzata offices, milled around for about an hour then left shouting "We'll be back" (shiver shiver).
Hell the town over reacted so there were almost as many "Public Safety Officers" there as marchers.
To early for any reactions from Wayzata
Only reaction from Wayzata was that Company (Cascade Pacific Pulp LLC) management was doing the labor contract negotiating and they have nothing to do with it. RIGHT! Who's labor lawyer was that at the first couple of sessions?
Baleline

Glide, OR

#33 Sep 22, 2008
paper is king wrote:
I think Halsey is making lots of money right now and the workers there are getting the screws put to them by the new owner....
And we are bleeding bodies. Old hands are leaving as fast as the company can hire new people. I can confirn that 6 hourly, and 2 management type have quit, and there are rumors that at least 15 other people are actively seeking other jobs.
You would think that 10%+ of your total workforce either having left, or looking to leave would get someones attention. And we are not just talking about people at the bottom of the ladder, but senior people with many years of experience, and management types.
Of couse we all know that pulpmill workers can be replaced by hiring people off the street. You may not make a profit for a year or two, but it can be done. Of couse that assumes that they don't turn down the job offer when they find out about the pay and benefits package (Don't scoff it's happened!)
paper is king

Yacolt, WA

#34 Oct 9, 2008
Any word on the contract vote....rumors are a strike is coming soon??????????
Baleline

Glide, OR

#35 Oct 10, 2008
Contract rejected by the union members - rumors of strike preperation
Baleline

United States

#36 Oct 11, 2008
More meetings scheduled with the company Tues. and Wed.

Since: Oct 08

Vancouver, Canada

#37 Oct 15, 2008
Baleline wrote:
<quoted text>
Can't reply as to the "BC logs shipped south" but we had the advantage as far as the exchange rate most of the time.
Yes they would use logs harvested at a TFL from a local operation of theirs in BC at the provincial rate and ship them across the border. Huge discount over buying from the US.

Now that P&T is no more, Halsey will have to source fibre on the open market.
Baleline

Jacksonville, OR

#38 Oct 17, 2008
Baleline wrote:
More meetings scheduled with the company Tues. and Wed.
Union membership has voted for the latest contract offer....Just in time for a 2 week layoff
Baleline

Cottage Grove, OR

#39 Oct 31, 2008
Baleline wrote:
<quoted text>
Union membership has voted for the latest contract offer....Just in time for a 2 week layoff
Correction 3 week layoff
Baleline

United States

#40 Nov 12, 2008
Back up and running
Baleline

United States

#41 Feb 3, 2010
Need to learn chinese
Mill bought by "International Grand Investment Corp"

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