Lumber mill dismantled


Diamond West Lumber mill on the outskirts of Philomath is being dismantled after shutting down in 2008.

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Diamond West Lumber mill on the outskirts of Philomath is being dismantled after shutting down in 2008.

This summer a federal judge issued a $5.9 million judgment against the financially distressed company in a lawsuit filed by Bank of America. On Oct. 13, the mill’s equipment and rolling stock went on the auction block to satisfy claims by B of A and other creditors.

Buyers from throughout the Northwest came to bid on everything from automated saws and laser-guided edgers to forklifts and bulldozers, said Pete Friend of Pahl Industrial, the Portland company that ran the auction.

Friend said the sale raised almost $1.5 million for the banks that held notes on the mill.

Read more at the Corvallis Gazette-Times.

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