Ainsworth is now a wholly-owned subsidiary of Norbord

Published on : Wednesday, April 1, 2015

norbord logoNow Norbord acquired all of outstanding common shares of Anisworth in an all-share transaction. Similarly, Ainsworth shareholders received 0.1321 of shares of Noprbord for each Anisworth share.

 
With the completion of the merger, it is expected that the common shares of Ainsworth will be de-listed from the Toronto Stock Exchange on or about April 2, 2015.

 
“This transaction is a significant milestone, and the addition of the Ainsworth OSB mills and strong team of people create a tremendous platform for the future,” said Peter Wijnbergen, President and Chief Executive Officer. “Norbord will be a leading global wood products company, active on three continents and with more than US$1.6 billion in sales in 2014.

 

 

 

anisworthWith a larger mill network, we will be in a better position to serve customers’ evolving needs and meet increasing demand as the recovery in the US housing market continues.

 

This transaction will also allow us to bring our customers a more diverse range of products. We are pleased to welcome our new colleagues to Norbord, and look forward to pursuing the significant opportunities we see ahead.”

 


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