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.

Investment Firm Angeleno Group Invests In NESTEC

Angeleno Group, a Los Angeles-based investment firm providing venture capital and growth equity to clean energy and climate solutions companies, announced its investment in NESTEC, an equipment manufacturer and service provider of industrial air pollution…

U.S. Forest Service Announces New Funding Opportunities

The U.S. Department of Agriculture’s Forest Service has announced up to $95 million in competitive grant funding through its Wood Innovations program for projects that advance innovative wood uses, expand wood-based construction, and grow U.S.…

Weyco Expects Strong Growth

Weyerhaeuser Co. hosted an Investor Day in December and outlined the company’s strategic growth plan and financial targets through 2030. “Weyerhaeuser stands alone in the timberlands, wood products and land solutions space as the only…

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