Crown Pacific Partners
Encyclopedia
Crown Pacific Partners, L.P. was a publicly traded partnership founded in 1988 which at its peak owned about 800,000 acres (3,000 km²) of timber
land, half in Oregon
and the rest in Washington, Idaho
, and Montana
. It also held several sawmill
s (including one in Gilchrist, Oregon
), a wood chip plant, and lumberyards in the Pacific Northwest
, with wholesale marketing and sales office in states such as California
, Utah
, and Arizona
.
The partnership went public in 1994, trading under the stock symbol CRO on the New York Stock Exchange
. It filed for Chapter 11 bankruptcy in June 2003, with its remaining assets, 520,000 acres (2,100 km²) in Washington and Oregon, taken over by creditors in December 2004, who formed Cascade Timberlands, LLC.
Timber
Timber may refer to:* Timber, a term common in the United Kingdom and Australia for wood materials * Timber, Oregon, an unincorporated community in the U.S...
land, half in Oregon
Oregon
Oregon is a state in the Pacific Northwest region of the United States. It is located on the Pacific coast, with Washington to the north, California to the south, Nevada on the southeast and Idaho to the east. The Columbia and Snake rivers delineate much of Oregon's northern and eastern...
and the rest in Washington, Idaho
Idaho
Idaho is a state in the Rocky Mountain area of the United States. The state's largest city and capital is Boise. Residents are called "Idahoans". Idaho was admitted to the Union on July 3, 1890, as the 43rd state....
, and Montana
Montana
Montana is a state in the Western United States. The western third of Montana contains numerous mountain ranges. Smaller, "island ranges" are found in the central third of the state, for a total of 77 named ranges of the Rocky Mountains. This geographical fact is reflected in the state's name,...
. It also held several sawmill
Sawmill
A sawmill is a facility where logs are cut into boards.-Sawmill process:A sawmill's basic operation is much like those of hundreds of years ago; a log enters on one end and dimensional lumber exits on the other end....
s (including one in Gilchrist, Oregon
Gilchrist, Oregon
Gilchrist is an unincorporated community in Klamath County, Oregon, United States on U.S. Route 97 between Bend and Klamath Falls.-History:Gilchrist was the last lumber company town in Oregon. The town was founded in 1938 by the family-owned Gilchrist Timber Company, with Frank and Mary Gilchrist...
), a wood chip plant, and lumberyards in the Pacific Northwest
Pacific Northwest
The Pacific Northwest is a region in northwestern North America, bounded by the Pacific Ocean to the west and, loosely, by the Rocky Mountains on the east. Definitions of the region vary and there is no commonly agreed upon boundary, even among Pacific Northwesterners. A common concept of the...
, with wholesale marketing and sales office in states such as California
California
California is a state located on the West Coast of the United States. It is by far the most populous U.S. state, and the third-largest by land area...
, Utah
Utah
Utah is a state in the Western United States. It was the 45th state to join the Union, on January 4, 1896. Approximately 80% of Utah's 2,763,885 people live along the Wasatch Front, centering on Salt Lake City. This leaves vast expanses of the state nearly uninhabited, making the population the...
, and Arizona
Arizona
Arizona ; is a state located in the southwestern region of the United States. It is also part of the western United States and the mountain west. The capital and largest city is Phoenix...
.
The partnership went public in 1994, trading under the stock symbol CRO on the New York Stock Exchange
New York Stock Exchange
The New York Stock Exchange is a stock exchange located at 11 Wall Street in Lower Manhattan, New York City, USA. It is by far the world's largest stock exchange by market capitalization of its listed companies at 13.39 trillion as of Dec 2010...
. It filed for Chapter 11 bankruptcy in June 2003, with its remaining assets, 520,000 acres (2,100 km²) in Washington and Oregon, taken over by creditors in December 2004, who formed Cascade Timberlands, LLC.
External links
- Archives of http://www.crownpacificpartners.com/, held by the Internet ArchiveInternet ArchiveThe Internet Archive is a non-profit digital library with the stated mission of "universal access to all knowledge". It offers permanent storage and access to collections of digitized materials, including websites, music, moving images, and nearly 3 million public domain books. The Internet Archive...
- Creditors bid adieu to Crown Pacific, a December 2004 article from the Portland TribunePortland TribuneThe Portland Tribune is a free weekly newspaper published each Thursday in Portland, Oregon, United States.The Tribune is part of the Pamplin Media Group, which publishes a number of community newspapers in the Portland metropolitan area, and also owns and operates the talk radio station KPAM, and...
- Crown Pacific Partners / Bush administration, a June 2004 article from Willamette WeekWillamette WeekWillamette Week is an alternative weekly newspaper published in Portland, Oregon, United States. It features reports on local news, politics, sports, business and culture....