Allegheny Wood Products announced it was closing its doors in February, laying off more than 900 employees. AHF Products, a wood flooring company, has agreed to acquire two sawmills from the defunct company.
Chief Operating Officer Jake Loftis said the acquisition will save an estimated 80 jobs that would have been lost last week.
“We are excited to add this capability to AHF and operate the mills at a capacity that will positively impact people and these two communities,” Loftis said.
Allegheny Wood Products was a supplier of lumber to the flooring company.
“It’s another key step to ensure AHF’s success now and in the future,” Lofits said.
The sawmills will now continue to supply lumber for AHF, a step the wood flooring company said was necessary for securing lumber supplies for current and future operations. The sawmills that will reopen are located in Greenbrier and Randolph counties.
AHF said West Virginia lumber could be used for other company locations in the future, although currently, it is not economical to do so.
Eastern hardwood has steeply declined in the last two decades, sitting at 40 percent of what it was in 2007.