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Stimson Lumber Co. agrees to sell Bonner mill site to Scott Cooney’s Montana Improvement Company.

January 30, 2009 /

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Stimson Lumber Co. has entered into a buy-sell agreement for the Bonner mill site property with Scott Cooney’s Montana Improvement Company.

Jeff Webber, Stimson Lumber’s vice president of manufacturing, said he could not disclose terms of the pending sale of the 170-acre site, which the company listed last August at $16 million.

“At this point there are some contingencies from the sale that both the buyer and the seller are working hard to remove,” said Webber. “Closing of the sale is expected to be by early May.”

Cooney said he plans to use the site for diverse small industry and education enterprises, including a concrete science program for the University of Montana’s College of Technology.

By KIM BRIGGEMAN of the Missoulian

Full Story: http://missoulian.com/articles/2009/01/30/news/local/news02.txt

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