Flakeboard Buys Three Mills

Flakeboard America Ltd., a U.S. subsidiary of Arauco, is acquiring the U.S. panel assets of SierraPine, including three composite board plants: particleboard plants at Martell and Springfield Calif. and a MDF plant at Medford, Ore.

The acquisitions will enlarge the panel capacity of the Arauco plants in North America to 2 billion SF (3/4 in. basis) or 3.5 million m3.

Meanwhile SierraPine states it will permanently close its particleboard plant in Adel, Ga., which was built in 1965.

Arauco acquired Flakeboard’s seven composite board mills and Uniboard’s particleboard/MDF/laminate complex in Moncure, NC in 2012. The North American mills operate under the Flakeboard name.

The Medford plant opened as a division of Medco in 1975.

Mohawk Purchases Spano, Pergo

Mohawk Industries, Inc. is purchasing Spano Invest NV (Spano), a Belgian panel board manufacturer, for €125 million ($168 million) in cash. Spano’s 2012 revenues are estimated at approximately €180 million ($231 million). This transaction is…

Raute Provides Market Snapshots

In its annual report, the plywood and LVL machinery and technology manufacturer, Raute, said 2012 was a clear improvement over the past few years, including a EUR 50 million order for machinery and equipment for…

We’re Not At The Jumping Up and Down Stage Yet

Story by Rich Donnell, Editor-in-Chief One of the comments I continued to hear from many industry professionals as we waded through the muddy recession together and as new housing starts sank to 500,000 annually (and…

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