ROGUE RIVER, Ore. (AP) -- Unless an unexpected buyer shows up, the equipment, land and buildings at a Rogue River plywood plant will be up for auction Dec. 10.
The plant has housed a mill under various operators since the 1960s, but a court-appointed receiver said there's been no interest among buyers who would continue to operate the mill.
Milwaukie-based Panel Products bought the mill in 2003 and expanded it as the housing market boomed. More than 100 people worked there in summers. But the company shut it down 11 months ago, putting dozens of people out of work.
Equipment worth $12 million to $15 million when purchased will be up for sale, but auction values are expected to be considerably lower. The land and buildings also are to be auctioned off.