Charlotte, NC –News Direct– ResourceWise
ResourceWise, the new parent company of Forest2Market, Fisher International and Tecnon OrbiChem, has acquired Wood Resources International (WRI). WRI is the publisher of Wood Resource Quarterly (WRQ), a market report that tracks prices for logs, wood chips, lumber and pellets globally.
Effective immediately, the company will be known as Wood Resources International, a ResourceWise company. Håkan Ekström, president of Wood Resources International, will join the ResourceWise team. Terms of the acquisition, which became effective March 31, 2022, were not disclosed.
ResourceWise is a group of companies that provide data, analysis and market intelligence to natural resource-based commodity markets. Currently serving the global forest products and chemicals value chains, the company’s mission is to expand into other commodity markets as well.
“The addition of WRI to the ResourceWise family supports our long-term goal of being the leading source of data and analytics platforms for a range of global commodity markets,” said Pete Stewart, CEO of ResourceWise. “With the acquisition of WRI, ResourceWise not only benefits from Ekström’s 30+ years of experience in the global forest products industry, but also wood fiber pricing data for over 20 countries. over more than 25 years. This data will complement the data that Forest2Market has collected in North America for 22 years, and Ekström’s expertise will allow us to more effectively cover the analysis and advisory needs of our customers worldwide.
“I look forward to bringing my experience monitoring global timber prices and forest products trade to the analytical expertise and unparalleled data resources of ResourceWise,” says Ekström. “International trade in forest products and wood raw materials is constantly increasing, which highlights the need for up-to-date and reliable market information. The merger of WRI’s extensive database of world timber prices with the ResourceWise databases and business intelligence platform positions the broader business as the primary source of information on international wood products markets.
WRI joins Forest2Market and Fisher International in ResourceWise’s data-driven vertical market services for the forest products value chain.
ResourceWise was founded in 2021 as the parent brand of a group of companies that provide data, analytics, and insights to the forest products, pulp and paper, and chemical industries. Our intention is to serve other natural resource industries in the future with value chain optimization and sustainability support services. For more information, visit www.resourcewise.com.
About Wood Resources International
Wood Resources International LLC (WRI), established in 1987, is an internationally recognized forest industry advisory firm specializing in global forest resource assessments, wood commodity markets (logs, woodchips and biomass), trade in forest products, outlook for timber costs, and developments in the global forest industry. In addition to advisory work, our company has tracked global timber prices through two timber market price reports, updated quarterly since the 1980s. For more information, visit www.woodprices.com.
Suz Anne Kinney
See the source version on newsdirect.com: https://newsdirect.com/news/resourcewise-expands-its-wood-fiber-pricing-globally-with-acquisition-of-wood-resources-international-212068830