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Fax: taxed on earnings; stockholders include their REIT income on their personal income tax returns.

In the last three years, Potlatch has sold its three OSB plants and a paper mill in Minnesota. Potlatch is the largest private landowner in the state, and recently had its 319,000 acres of timberlands in northern Minnesota certified by the Forest Stewardship Council.

Potlatch has also placed several small parcels of land up for sale via a Web site auction.

Distributor Adds Spokane DC

Specialty Forest Products, Algona, Wa., has opened a distribution center in Spokane Valley to serve the Inland Northwest.

The leased 24,000-sq. ft. warehouse in the Spokane Business & Industrial Park is the 24-year-old distributor's first operation outside of its main facility, located about 25 miles south of downtown Seattle.

Mike Wynne is general manager of the new facility, overseeing about eight employees.

It will distribute domestic and imported hardwood lumber, plywood and composite panels, decorative millrvork, and other wood components to Eastern Washington, North ldaho, and Western Montana.

Crow's Bought By PaperlooP

Paperloop, Boston, Ma., has acquired the assets of C.C. Crow Publications, provider of prices and news for the North American lumber and panel markets.

Portland, Or.-based Crow's was founded in 1921, making it the softwood industry's oldest market reporting organization.

Crow's staff, headed by former owner Ken Tennefoss, will stay on.

"The price collection expertise of our editors and economists, combined with the experience that Crow's has built over their 85-year history in the lumber and panel markets, is an unbeatable combination," noted Paperloop c.e.o. Rod Young.

Paperloop produces books, newsletters, pulp and PaPer magazines, reports, directories, a Web site, and benchmarking services, primarily for the pulp and paper industries, as well as analysis and forecasts of the forest products industry through its RISI subsidiary.

Fire! A potential disaster. A devastating threat to life and property. That is why it makes sense to build with lumber and plywood treated with D-Blaze@ Fire Retardant. The "built-in" protection of D-Blaze materials controls the spread of flames, smoke, and devastation. lts UL "FR-S'Classified fire retardant properties have a flame spread and smoke rating of 25 or less. At 30 minutes, D.Blaze materials showed no evidence D'BLAZE',"J#nJ'i;Tiffi3lilJ:"i:Tiil'1,"J;,I1'1'X'l!'i-Il',?;1iX',?j[:J"niffH::iX1

D'Blaze treated wood is strong, durable, easy to handle, and workable with common tools. And, in most cases, D-Blaze treated materials feature lower "in-place" cost than non-combustible-classified - materials'

MAKE THE 'AFE GHorcE!

Comply with ISPM 15 through Heat Treating

Southem California for any company involved in international shipping of palletized goods. All of the pallets or lumber we Heat Treat bear the ISPM 15 approved marks, which means that your shipments will not be delayed at international ports due to ISPM 15 concerns.