Kronospan, a producer of wood panel products, has announced the closing of its purchase of Roseburg’s Simsboro, La., particleboard facility following the expiration of the required regulatory review period. Ownership of the plant has been transferred from Roseburg to Kronospan.
The Simsboro particleboard facility will accelerate the growth of Kronospan’s wood panel production in North America, where annual capacity is between 240-260MMSF. The company is committed to modernizing the facility in the post‐acquisition period and has a proven record of accomplishment from prior acquisitions.
“This acquisition marks a significant event in the growth of Kronospan’s North American business, as it will enable us to expand our footprint in the particleboard and TFL markets and provide even better service to our existing and future customers,” says Hans Obermaier, CEO, Kronospan’s North American operations. “The Simsboro site has a long history in the particleboard industry and this acquisition fits our growth portfolio well. We are excited to welcome our newest teammates to the Kronospan organization.”
As part of the acquisition, Kronospan will retain the facility’s 182 team members. The two companies will work to ensure a seamless transition for vendors, suppliers, and customers.
The ninth Panel & Engineered Lumber International Conference & Expo (PELICE) will feature 38 speakers, while nearly 100 exhibitor sponsors will fill the Grand Ballroom North of the Omni Atlanta Hotel at Centennial Park in downtown Atlanta, Ga. USA.
Rob Freres, president of Oregon-based Freres Engineered Wood, a manufacturer of lumber, veneer, plywood and mass timber, has thrown in his support for a lawsuit filed by the Oregon Trucking Assn. and three Oregon-based trucking companies against the state of Oregon for overcharging truckers under the weight-mile tax.
Austria-based Hasslacher group is acquiring a stake in Element5, a mass timber producer specializing in the design, manufacture and assembly of modern engineered timber buildings. Based near Toronto, Can., Element5 employs more than 100 and produces cross-laminated timber and glued laminated timber for the North American market.
U.S. Endowment for Forestry and Communities announces that Fritz Mason, Paul Hossain and Anna Torma were elected as new directors at the organization’s fall board meeting. “Drawing upon diverse backgrounds, they each bring a distinctive perspective and unique vision. We look forward to collaborating with them to further the mission of the Endowment,” comments Pete Madden, President and CEO of the Endowment.
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