Northwest Hardwoods up for sale again

Former Weyerhaeuser unit Northwest Hardwoods is reportedly up for sale again by American Industrial Partners, the same private equity firm that bought the company in 2011.

According to a report in the Wall Street Journal, American Industrial Partners has hired bankers at Goldman Sachs to market the company.

Northwest Hardwoods is a manufacturer and distributor of lumber based in Tacoma, Wash. Its various species include oak, maple, cherry and walnut, which is used to make kitchen cabinets, hardwood flooring, furniture, boat interiors and other products.

Sources close to the company said the sale could likely go for around $700 million, up significantly from its original sale price of $108 million in 2011.