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Partners Offer FSC Fascia

The Collins Cos., Portland, Or., and Western Woods,Inc., Chico, Ca., have recently announced a partnership that will be the first of its kind on the West Coast.

Collins, whose softwood and hardwood forests are all certified by the Forest Stewardship Council, will supply Western Woods, Inc. with FSCcertified CollinsWood white fir and ponderosa pine, which will then be remanufactured into appearance grade pattern stock and fascia.

Western Woods, Inc. is an FSCcertified company that remanufactures and distributes lumber, plywood, engineered wood products, and Evergrain composite decking, and has a prime line.

According to Chris Richter, director of sales and marketing for Westem Woods, "In the past, these kinds of FSC products were only available on a job{o-job basis. Not anymore."

Hayward Lumber Co. is the Southern California and Central Coast dealer and Mead Clark Lumber will be the dealer for the Santa Rosa. Ca.. aJea.

"The FSC-certified CollinsWood that is being remanufactured by

Western Woods, Inc. into pattern stock and fascia will help builders, contractors and homeowners who are striving to build greener homes," noted Lee Jimerson, Collins' manager of manufacturing accounts. "It's a win-win for everyone."

Court Revisits Honsador Sale

Three years after Honsador Lumber Corp., Honolulu, Hi., and its affilates-Ariel Truss Inc. and Honolulu Wood Treating Co.-were sold to Key Principal Partners LLC, a lawsuit challenging the terms of the sale has gone to court.

Plaintiff Richard Foreman. a businessman from Houston. Tx.. claims he put together a deal to purchase Honsador three years ago, with Key Principal Partners, San Francisco, Ca., as an equity partner. But before the deal closed, he said, Key pulled out and cut a separate deal for a higher price with then-owner Jim Pappas.

What would have been a $28-million sale to Foreman, with Key Principal as an equity partner, became a $5O-million sale to Key without Foreman-although he had already resigned from his $500,000-a-year position in Houston, sold his house, and relocated to Hawaii to take over Honsador.

Foreman's lead attorney, Mark Davis, said the case is about ethics, community values, and fair business practices. "This company has lost its moral compass," he said. "They did it for greed, and this is the only reason."

Attorneys for Key contend that Foreman actually had many opportunities to close the deal earlier, but didn't follow through. They also contend that he didn't disclose everything about his own role in the deal.

Scott O'Connell, attorney for Key Equity, said that testimony by Pappas would reveal a trail of deceit and broken promises by Foreman. Having built up Honsador himself, O'Connell said, Pappas was particular about whom he sold the company to.

During proceedings, O'Connell accused Foreman of being dishonest and failing to disclose that he was contributing only $1.5 million of his own money. Key Equity only stepped in, O'Connell said, after Pappas was unable to secure other buyers.

Of Foreman, O'Connell said, "He has no one to blame but himself."

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