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ResourceWise, newly formed parent company of Forest2Market, Charlotte, N.C., has acquired Wood Resources International (WRI). WRI publishes Wood Resource Quarterly, a market report that tracks log, wood chip, lumber, and pellet prices on a global basis.
The company will now be known as Wood Resources International, a ResourceWise company. WRI president Håkan Ekström will join the ResourceWise team.
ResourceWise is a group of companies that provide data, analytics and market insight to natural resource-based commodity markets. Currently serving the global forest products and chemical value chains, its mission is to expand into other commodity markets as well.
The addition of WRI supports its”long-term objective to be the leading source of data and analytics platforms to a range of global commodity markets,” said Pete Stewart, CEO of ResourceWise. “With the acquisition of WRI, ResourceWise gains not only Ekström’s more than 30 years of global forest products industry experience, but also wood fiber price data for more than 20 countries over the course of 25+ years. This data will augment the data that Forest2Market has collected in North America for 22 years, and Ekström’s expertise will allow us to more robustly cover the analytics and consulting needs of our customers worldwide.”