Thursday, November 16, 2023
Kronospan, a leading producer of wood panel products has recently concluded an agreement with Roseburg Forest Products. Kronospan has executed an asset agreement to acquire Roseburg’s Simsboro, Louisiana, particleboard facility. Completion of the acquisition is subject to customary closing conditions, including receipt of regulatory approvals. After the closing, the Simsboro plant will accelerate the growth of Kronospan’s wood panel production in North America.
Expressing his views about the benefits of the agreement, Hans Obermaier, CEO of Kronospan’s North American operations said, “The acquisition of the Simsboro mill, along with its talented and experienced team of managers and associates, will allow us to bring products to market more efficiently and will improve service to our customers.”
Kronospan currently operates two modern manufacturing locations in Oxford, Alabama and Clarion, Pennsylvania in United States. The company serves the market with MDF, OSB, particleboard and decorative products and laminate flooring. With this conclusion of this new agreement Kronospan is committed to modernizing the Simsboro particleboard facility in the post‐acquisition period and has a proven track record in this regard from prior acquisitions. “Given Kronospan’s plan to continue modernizing and operating the mill, this is good news for the longevity of the Simsboro facility and our 176 team members who work there,” Roseburg President and CEO Stuart Gray said. “Simsboro has been a high‐performing asset for Roseburg, and we believe it will continue to deliver value for its new owners.”
Roseburg is one of the well known privately owned timber and wood products company based in the United States. The company is one of North America’s leading producers of medium density fiberboard. Roseburg also manufactures lumber, LVL, I‐joists, and softwood and hardwood plywood. It is heavily invested in the composites industry, manufacturing particleboard and MDF at plants across North America. The company now aims to execute significant investments in two new composites plants located in Dillard, Oregon, which will manufacture medium and high‐density fiberboard and MDF trim suitable for exterior applications.
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