Millstone Industries recently announced that it has signed a letter of intent for the purchase of certain assets of Morelock Enterprises Inc. A second-generation, family owned company based in Oregon, Morelock Wood Products specializes in mouldings, millwork, furniture components and a nationally distributed line of hardwood flooring.

Millstone Industries says it will retain more than 50 of Morelock's key employees to protect long-standing customer relationships, effect a smooth ownership transition and safeguard a number of local jobs.