{"id":87946,"date":"2024-07-30T07:48:42","date_gmt":"2024-07-30T07:48:42","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/allegheny-wood-products-starts-selling-multiple-assets-after-sudden-closure\/"},"modified":"2025-09-19T09:02:30","modified_gmt":"2025-09-19T09:02:30","slug":"allegheny-wood-products-starts-selling-multiple-assets-after-sudden-closure","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/allegheny-wood-products-starts-selling-multiple-assets-after-sudden-closure\/","title":{"rendered":"Allegheny Wood Products starts selling multiple assets after sudden closure"},"content":{"rendered":"<p>In February of this year, Allegheny Wood Products, the 50-year-old West Virginia-based internationally known hardwood producer,\u00a0closed its doors and eliminated\u00a0as many as 850 full-time and outside contractors. <span id=\"more-35940\"><\/span>That, however, was not the end of the story.<\/p>\n<p>In March, United Bank filed a lawsuit concerning a $40 million unpaid loan from 2005, resulting in a court-appointed Receivership to manage AWP\u2019s assets and operations. This led to the decision to sell off assets to restart production in the state.<\/p>\n<p>According to West Virginia News,\u00a0Allegheny Wood Products (AWP) has commenced the sale of its assets in two sets. One set includes two dry kilns from the Hazelton and Petersburg mills, which are being sold to Goodfellow in Canada for $6.25 million. The other set consists of the sawmills in Kingwood and Riverton, which are being sold to Charles City in Virginia for $9.25 million.<\/p>\n<p>The receiver, Chris Deweese, told\u00a0WBOY\/Channel 12, that the buyers will use the sold assets to restart production in West Virginia and that hiring is already underway. However, auctions will still be held for each set in case any upset bids are submitted before the cutoff point.<\/p>\n<p>Upset bids for the dry kilns will be accepted until July 29 at 9 a.m. The following auction would be held at 4 p.m. the same day. As for the sawmills, bids will be accepted until Aug. 5 at 1 p.m. with the related auction taking place on Aug. 8 at 1 p.m.<\/p>","protected":false},"excerpt":{"rendered":"<p>In February of this year, Allegheny Wood Products, the 50-year-old West Virginia-based internationally known hardwood producer,\u00a0closed its doors and eliminated\u00a0as many as 850 full-time and outside contractors. That, however, was not the end of the story. In March, United Bank &hellip; <a href=\"https:\/\/www.timberindustrynews.com\/ro\/allegheny-wood-products-starts-selling-multiple-assets-after-sudden-closure\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":96375,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4716],"tags":[],"class_list":["post-87946","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-trends"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Allegheny Wood Products starts selling multiple assets after sudden closure - Timber Industry News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.timberindustrynews.com\/ro\/allegheny-wood-products-starts-selling-multiple-assets-after-sudden-closure\/\" \/>\n<meta property=\"og:locale\" content=\"ro_RO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Allegheny Wood Products starts selling multiple assets after sudden closure - Timber Industry News\" \/>\n<meta property=\"og:description\" content=\"In February of this year, Allegheny Wood Products, the 50-year-old West Virginia-based internationally known hardwood producer,\u00a0closed its doors and eliminated\u00a0as many as 850 full-time and outside contractors. That, however, was not the end of the story. In March, United Bank &hellip; Continue reading &rarr;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.timberindustrynews.com\/ro\/allegheny-wood-products-starts-selling-multiple-assets-after-sudden-closure\/\" \/>\n<meta property=\"og:site_name\" content=\"Timber Industry News\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-30T07:48:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-19T09:02:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.timberindustrynews.com\/wp-content\/uploads\/2025\/09\/allegheny-1.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"416\" \/>\n\t<meta property=\"og:image:height\" content=\"288\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"GWMI Admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Scris de\" \/>\n\t<meta name=\"twitter:data1\" content=\"GWMI Admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Timp estimat pentru citire\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minut\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.timberindustrynews.com\/allegheny-wood-products-starts-selling-multiple-assets-after-sudden-closure\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.timberindustrynews.com\/allegheny-wood-products-starts-selling-multiple-assets-after-sudden-closure\/\"},\"author\":{\"name\":\"GWMI Admin\",\"@id\":\"https:\/\/www.timberindustrynews.com\/#\/schema\/person\/135a1ae8119d1d1755135add5b7287ff\"},\"headline\":\"Allegheny Wood Products starts selling multiple assets after sudden closure\",\"datePublished\":\"2024-07-30T07:48:42+00:00\",\"dateModified\":\"2025-09-19T09:02:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.timberindustrynews.com\/allegheny-wood-products-starts-selling-multiple-assets-after-sudden-closure\/\"},\"wordCount\":247,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.timberindustrynews.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.timberindustrynews.com\/allegheny-wood-products-starts-selling-multiple-assets-after-sudden-closure\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.timberindustrynews.com\/wp-content\/uploads\/2025\/09\/allegheny-1.jpeg\",\"articleSection\":[\"Latest Trends\"],\"inLanguage\":\"ro-RO\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.timberindustrynews.com\/allegheny-wood-products-starts-selling-multiple-assets-after-sudden-closure\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.timberindustrynews.com\/allegheny-wood-products-starts-selling-multiple-assets-after-sudden-closure\/\",\"url\":\"https:\/\/www.timberindustrynews.com\/allegheny-wood-products-starts-selling-multiple-assets-after-sudden-closure\/\",\"name\":\"Allegheny Wood Products starts selling multiple assets after sudden closure - 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