PALCOREDWOOD

Patterned Paneling and Geiling

Patterned redwood paneling and ceiling is stylish with either a natural finish or a paint. TheV pattern shown has been painted with an interior paint.

Redwood patterned paneling for quality interior designs

Palco's patterned paneling and ceiling comes in Clear grade which has a varying blend of cream colored sapwood and russet colored heartwood.

The s/ex4 inch pattern has an edge and center bead on one side and an edge and center V on the other, providing two distinctly different design options.

Redwood patterned paneling comes in random lengths from 3 to 20 feet with plenty of long lengths to span ceilings and walls with a minimum of joints.

Palco's paneling has allthe exceptional qualities that made redwood famous. Unlike other wall coverings, natural redwood has a special beauty and elegance. Redwood is a good insulator and it helos to reduce the transmission of noise through walls. Redwood has a naturalfire resistance and it has a lower flamespread rating than most other woods. These unique properties make redwood a favorite of architects, designers and builders.

Redwood makes the job easier too. It is lightweight and contains little or no pitch or resins, making it easY to handle, saw and apply. This pattern can be glued or blind-nailed through the tongue, eliminating the timeconsuming chore of countersinking and covering exposed nails.

Specifications:

Name:

Palco Redwood

Patterned Paneling and Ceiling

Nominal thickness: 5/e inches

Net thickness: elo inches

Nominalwidth: 4 inches

Net width: 35lo inches

Lengths: 3 to 20 feet

Pattern:

Reversible pattern, edge and center bead one side, edge and center V one side

Grade:Clear grade, flat grain

Seasoning: Certified Kiln Dried

Sample Specification: 5/ax4 3120' Clear, F.G. redwood ceiling, E&CB1S/E&CV1S, Certified Kiln Dried

Other redwood paneling and ceiling products are available in a variety of grades, sizes and patterns.They can be special ordered in single piece, full length boards or PALCO-LOC which is made of several short pieces fingerjointed and end-glued.

Georgia-Pacific Wins Nekoosa Takeover Fight

Georgia-Pacific won its four month hostile takeover battle for Creat Northern Nekoosa Corp. in a merger valued at $3.74 billion.

Nekoosa's determination to hold out for higher stakes was weakened by losing antitrust and anti-takeover defense rulings as well as not being able to find a third party interested in buying the company. Georgia-Pacific made a final offer of $65.75 a share which the company accepted Feb. 19. As part of the agreement, Nekoosa must pay G-P as much as $ll0 million i[ they terminate the merger.

Georgia-Pacific is assuming $1.3 billion in Great Northern debt in addition to acquiring 57 million common shares outstanding for $3.7 billion.

No date has been set for completion of the deal. As part of the transaction, Nekoosa will pay its previously declared quarterly dividend March 31. This raises the total consideration to $66.08 per share.

Duke City Prepares For Move

Duke City Lumber Co., Albuquerque, N.M., will consolidate plant operations in Espanola, N.M., when construction to add a new boiler and dry kiln is completed at their mill there, according to Tom Lapinski, president.

Target date for finishing construction and moving from Albuquerque is September. Corporate headquarters will remain in Albuquerque.

Wood Roof Suit Awaits Reply

The Cedar Shake & Shingle Bureau is still awaiting a response to its lawsuit protesting the six-month-old ban on wood shingle roofs in Los Angeles, Ca.

"There's been no change," said Michael Westfall, bureau president.

The group was especially worried other cities would follow L.A.'s lead, as city councils in Glendale and other nearby communities proposed similar ordinances. But while "other cities joined in at first," said Westfall, "that seems to have tapered off."

Final negotiations were worked out by phone with the boards ofeach company meeting with their investment bankers. A total of $4.5 billion in financing had been in place since December in an arrangement bY the Bank of America with a syndicate of domestic and international banks.

Merger of the two companies will create the largest forest products company in the U.S. Combined sales in 1989 were about $14 billion.

G-P in addition to being a major producer of wood products and building materials makes newsprint and groundwood paper and has extensive timber holdings. Great Northern Nekoosa produces newsprint, packaging and uncoated printing paper. It also has significant timber holdings.

Great Northern Nekoosa is based in Norwalk, Ct., Georgia-Pacific in Atlanta, Ga.

Timber Summit

The leaders of the Pacific Lumber Co. and Louisiana-Pacific met behind closed doors recently with Northern California lawmakers to discuss their companies' logging plans.

California state senator Barry Keene, D-Benicia; representative Doug Bosco, D-Sebastopol, and assemblyman Dan Hauser, D-Arcata, called Palco's Charles Hurwitz and LP's Harry Merlo to Sacramento hoping to reach long term pacts concerning future industry logging practices.

"Frank, sometimes intense" talks Jan. 29 with Hurwitz focused on Palco's request to log its 3,000-acre Salmon Creek Forest, the largest privately owned, contiguous parcel of old growth redwoods in the world.

Repeat meetings in early February produced a compromise: Palco would not log the forest for a two year period as long as its other harvest plans went unchallenged by environmentalists.

While the pact promises Palco no special privileges or stops no one from enforcing any laws, it does allow the company to resubmit har- vest plans for the Salmon Creek F-orest if no other timber source is available.

Palco president John Campbell said his company "entered into this agreement in good faith and it is now time for our adversaries to show the same good faith."

The compromise also permits the Legislature to hire an independent auditor to evaluate whether Palco's recent doubling of its rate of harvest is damaging the long term productivity of the forests. "We have not tripled our rate of cutting as claimed by the environmentalists," noted Campbell. The use of an auditor, he pointed out, "will ensure that harvesting is done on a selection basis and not by clear cutting."

The two firms have also voluntarily agreed that they would not export raw logs.

- Bosco aide Bruce Taylor said the agreement "allows the dust to settle and tempers to cool offso people can consider these issues calmly."

Meanwhile, Merlo met Feb. 5 with the trio of lawmakers to discuss L-P's plans to barge lumber to its new plant in Mexico, where the lumber would be dried. finished and returned for sale in the U.S. and other markets.

L-P is currently building a $12 million planing mill at its site north of Ensenada, Mexico, but plans for a larger, $100 million complex with as many as l2 different mills and 1,000 employees are also being considered.

Fineman On Millwork Board

Samuel M. Fineman, president and ceo of Bel-Air Door Co., Studio City, Ca., has been elected to the board of directors of the National Sash and Door Jobbers Association.

Fineman is a graduate of the Los Angeles City College, a past director of the Alhambra Chamber of Commerce, and a sponsor of the Los Angeles County Museum of Art and the Los Angeles Zoo Association.

He recently turned over his Tyre Manufacturing, Inc., the parent company of Bel-Air Door, to Credit Managers Association of California for voluntary liquidation of the Alhambra. Ca.. facilities. He said that he retains the Bel-Air name and that it will be used in a new import busiNESS.

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