28 Apr '16, 10am

Green News: TimberSIL May Live to See Another Day

Green News: TimberSIL May Live to See Another Day

The long, tortured history of TimberSIL treated lumber may get even longer. A New York investment firm specializing in buying the assets of distressed companies has taken over rights to TimberSIL and hopes to resume manufacturing the lumber as early as this year, according to a principal in the firm. The development was first reported by Environmental Building News . Douglas Wolfe, general counsel of ASM Capital in Woodbury, New York, told GBA GreenBuildingAdvisor.com that his firm had lent money to the parent company of TimberSIL, Timber Treatment Technologies (TTT). "When things didn't work out," he said, "we took over the assets." Wolfe didn't say how much the loan was for, but the arrangement will leave TTT responsible for any liabilities lingering from the company's tangled legal past, and will allow the new owners to start producing TimberSIL again. A successful rela...

Full article: http://www.greenbuildingadvisor.com/blogs/dept/green-buil...

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