USNR Acquires Coe Newnes/McGehee

Woodland, Washington, June 30, 2008 – USNR is pleased to announce its recent acquisition of Coe Newnes/McGehee, including both its solid wood business unit (Newnes-McGehee) and its dry kiln and engineered wood product business unit (Coe Manufacturing).

George Van Hoomissen, USNR’s President and CEO, commented: “We see tremendous potential in both the Newnes-McGehee and Coe Manufacturing businesses. For many years, both companies have employed some of the industry's most qualified personnel and offered some of the best products on the market. Now those people and products will be backed by the financial stability of USNR. We believe this will prove to be a winning combination – first and foremost for our customers, but also for our suppliers and our employees.”

Chris Blomquist, USNR Vice President elaborated: “This combination will give customers access to the best of both companies. By combining our product lines and our service and support operations, customers will be able to design the solution that best meets their needs.”

Chris further emphasized that USNR is also committed to supporting all previously-installed Newnes-McGehee systems: “We now have a larger pool of talented technical resources to do just that.”