Kronospan purchases particleboard facility from Roseburg Forest Products

The Simsboro particleboard facility will undergo a modernisation programme after being acquired by Kronospan (Image: Roseburg)

Global producer of wood panel products Kronospan has reportedly executed an asset purchase agreement with Roseburg Forest Products 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, according to a press release by Kronospan.

“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,” said Hans Obermaier, CEO of Kronospan’s North American operations.

Kronospan is committed to modernising 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 modernising 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 invested in the composites industry, manufacturing particleboard and medium-density fibreboard (MDF) at plants across North America. The company recently announced significant investments in two new composites plants located in Dillard, Oregon, which will manufacture high‐density fibreboard (HDF) and MDF trim suitable for exterior applications.