Norbord And Ainsworth Lumber Provide Update On Merger And Closing

Norbord Inc. and Ainsworth Lumber Co. Ltd. today announced that they have been informed by the Antitrust Division of the United States Department of Justice that it has closed its review of the previously announced combination of Norbord and Ainsworth. Norbord and Ainsworth expect the transaction to be completed on March 31, 2015.

On December 8, 2014, Norbord and Ainsworth announced that they had entered into an arrangement agreement under which Norbord and Ainsworth would merge to create a leading global wood products company focused on oriented strand board (OSB) across North America, Europe and Asia.

Under the terms of the transaction, Norbord will acquire all of the outstanding common shares of Ainsworth in an all-share transaction. Ainsworth shareholders will receive 0.1321 of a share of Norbord for each Ainsworth share.

On January 27, 2015, the transaction was overwhelmingly approved by the shareholders of each of Norbord and Ainsworth. On January 30, 2015, the Supreme Court of British Columbia granted a final order approving the combination of Norbord and Ainsworth by way of a plan of arrangement under the Business Corporations Act (British Columbia).

Kronospan Expands With $200 Million Investment, Creates 120 Jobs

Kronospan, an international manufacturer of wood panel products, will invest $200 million in the expansion of its mills in Belarus – creating 120 new jobs in 2017 and 2018. Kronospan announced the expansion March 21…

Winston Plywood & Veneer Hosts Ribbon-Cutting In Mississippi

Joined by federal, state and local leaders, company associates and members of the community, Winston Plywood & Veneer hosted a ribbon-cutting ceremony at its new plywood mill in Louisville, Miss. in April 2017. The location…

Vaagen Timbers Gets Into CLT

Sawmillers have formed Vaagen Timbers, which will construct a mass timber facility in Colville, Wash. The new business will produce cross-laminated timber (CLT) and glue laminated beams (glulam). Vaagen Timbers is partnering with Vaagen Bros.…

« Older Entries

Next Entries »

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1589916740199-0'); });

Find Us On Social

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548376916922-0'); });

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548376961890-0'); });

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548377005333-0'); });

Newsletter

The monthly Panel World Industry Newsletter reaches over 3,000 who represent primary panel production operations.

Subscribe Now

Subscribe/Renew

Panel World is delivered six times per year to North American and international professionals, who represent primary panel production operations. Subscriptions are FREE to qualified individuals.

Complete the form

Advertise

Complete the online form so we can direct you to the appropriate Sales Representative. Contact us today!

Contact Us