Great Lakes MDF in Lackawanna, New York seems unlikely to find a buyer, according to a local news report.
Colorado-based American Acquisition LLC acquired the plant’s debt after it closed in January and had hoped to find a buyer to keep the mill in production, but is now talking with parties interested in buying the plant’s equipment, or the building, for other uses, reports Buffalo News.
According to VP Don Barrickman, potential buyers said the Lackawanna plant was too far away from its source of wood in Pennsylvania, and this would generate high freight costs. They were also concerned about high lumber costs in that part of the US.
