Fagus-GreCon Acquires DMC From Bakelite
In a strategic move driven by customer focus and long-term market optimization, Fagus-GreCon has acquired the Dynamic Microchamber (DMC) from Bakelite. This transition reflects Bakelite’s decision to sharpen its concentration on its core expertise in wood adhesives, while entrusting Fagus-GreCon to advance and expand the DMC business with renewed innovation and technical excellence.
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Pacific Woodtech Acquires LP EWP Division
Burlington, Wash.-based Pacific Woodtech announced the acquisition of Louisiana-Pacific Corp.’s EWP (I-Joist and LVL) division for $210 million. The acquisition includes LP laminated veneer lumber and I-Joist manufacturing facilities in…
Arauco NA Expands TFL Operations
Arauco has announced that it will invest $20 million to expand its thermally fused lamination (TFL) operations at its state-of-the-art particleboard mill in Grayling, Mich. The new lamination line will be Arauco’s third TFL line at Grayling and will increase the…
Raute Appoints New President/CEO
Raute Corp.’s Board of Directors has appointed Mika Saariaho as the new President and CEO beginning in late November. He will join Raute from Metso Outotec Corp. where he holds the position of Senior Vice President. Saariaho succeeds Tapani Kiiski who left…
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