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Wednesday, April 9, 2003

Business Digest

Olympic Panel acquires, will run Simpson mill in Shelton

Simpson Timber Co. has sold its Shelton specialty plywood mill to Olympic Panel Products, a company founded by forest-product company executives and a Connecticut private investment group.

Olympic Panel said it plans to continue operating the mill, which employs 250 workers, and has negotiated a new three-year labor agreement with the union there. The mill makes plywood for transportation equipment, commercial construction and signs.

Simpson will continue to operate lumber facilities employing 450 workers in Shelton.

New top officers

  • EProject, a Seattle maker of project-management software, yesterday named Steven Anderson, formerly of CypherGuard, chief operations officer.

  • Bellevue Downtown Association yesterday promoted Leslie Ota as vice president, working on business development, marketing and recruiting.

    This report includes information from P-I staff, The Associated Press and Bloomberg News.

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