Kronospan acquires new particleboard facility

Island City plant (Image: Kronospan)

Wood panel producer Kronospan has announced the acquisition of Woodgrain’s particleboard facility in Island City, Oregon, US.

The addition of the Island City plant will strengthen Kronospan’s position in the North American wood panel market.

“The addition of the Island City plant and its talented team will further enhance our ability to serve our customers and provide long-term benefit to our stakeholders,” said Hans Obermaier, CEO of Kronospan’s North American operations.

Kelly Dame, President and CEO of Woodgrain stated, “It was important for us to find a buyer that is a good fit for our 124 team members, and one that will continue to invest in the plant and its people.”

Kronospan has expressed its intent to invest in the modernisation of the Island City plant upon completion of the post-acquisition period.