05-19-2007, 01:35 AM
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Re: The Wetsel-Oviatt Lumber
gtx800@gtx.com wrote:
> Cecil is a great guy. He seemed to always be fair to his employees. The
> biggest reason for the demise of his company was our great workers
> compensation system here in california. They were paying $24 per $100 of
> payroll in comp insurance. He said his comp premiums went from $750K to
> $1.2M over a years time. You have to sell a lot of lumber to come up
> with that kind of money. Hopefully our new governor will make this a
> priority or we will see this happen more often!
>
> Terry
>
>
> fred wrote:
>
>> The Wetsel-Oviatt Lumber Company has sold all its land and assets to
>> Sierra Pacific Industries.
>>
>> One of the last small lumber companies in California, Wetsel-Oviatt
>> owned about 17,500 acres and a sawmill in El Dorado Hills. Owner Cecil
>> Wetsel said he had to shut down operations due to increasingly stringent
>> regulations and the high cost of business in California. October 15
>> will be the company's last day of operation.
>
>
Actually, PHD took on two new names.
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