Forest Economic Advisors LLC (FEA) has announced the purchase of the International Wood Markets Group Inc. (WOOD MARKETS) based in Vancouver, British Columbia.
The acquisition will benefit FEA’s current and future clients in the following ways, according to a company release. It will greatly enhance FEA’s expertise regarding overseas supply and demand dynamics, trade flows and log and lumber cost trends. It will give FEA the industry’s only comprehensive global softwood log and lumber cost benchmarking service. It will also give FEA a window for emerging trends in the important Chinese market, the company said.
Russ Taylor, formerly the President of the International Wood Markets Group, has assumed the role of Managing Director of FEA-Canada. Taylor will continue to spearhead the production of WOOD MARKETS’ key publications and will remain available to lead independent research projects.