Goodman Veneer and Lumber of Goodman, Wis., is shown in an image from the Besse Forest Products Group website.

GOODMAN, Wis. — Employees of the Goodman Veneer and Lumber operation in Goodman, Wis., have received notice of the mill’s closure, affecting 48 workers.

The announcement from Besse Forest Products Group comes five months after Besse was acquired by the Naples, Fla.-based Hoffmann Family of Companies private equity firm.

In a statement, the company said the closure is “due to an unprecedented industry downturn.”

When Besse was acquired by Hoffmann Family in March, it was reported the Michigan-based wood manufacturer had 10 facilities across northern Michigan and Wisconsin. Also closing are Wisconsin Veneer and Plywood in Mattoon, with 42 jobs lost, and Birchwood Manufacturing in Rice Lake, which had 46 workers.

The Wisconsin Department of Workforce Development was told Thursday of the Goodman plant’s anticipated permanent closure, which took effect Friday.

Besse said there are no bumping or transfer rights to other jobs or locations. None of the affected 48 employees are represented by a collective bargaining representative.

“After exploring restructuring alternatives, we have determined that Goodman Veneer and Lumber will cease operations,” said Timothy Turek, Besse chief restructuring officer.

Besse has determined “the revenues of the company will no longer support its operations,” he said.

The Goodman sawmill dates to 1909, built shortly after the town was founded by Goodman Lumber Co.