West Fraser Purchases Norbord For $3 Billion

by | Dec 10, 2020 | News

West Fraser Purchases Norbord For $3 Billion

West Fraser Timber Co. Ltd. is acquiring all of the outstanding common shares of Norbord, the world’s largest oriented strandboard producer, for $3.1 billion. Following closing, the combined company will operate as West Fraser.

“Norbord’s OSB production is a perfect complement to the West Fraser portfolio, enabling us to deliver a wider range of wood products, and making us a more complete, efficient and valuable partner for our customers,” says Raymond Ferris, President and CEO of West Fraser.

Norbord operates 17 plant locations in the U.S., Europe and Canada, encompassing 15 OSB mills, one MDF plant, two particleboard facilities and a furniture plant.

West Fraser operates 34 sawmills in British Columbia, Alberta and the Southern U.S., as well as three plywood operations and two MDF facilities in Western Canada.

West Fraser will continue to be led by Ferris as CEO and Chris Virostek as CFO. Peter Wijnbergen, President and CEO of Norbord, will be appointed President, Engineered Wood, responsible for the company’s OSB, plywood, particleboard, MDF and veneer operations. Sean McLaren, currently West Fraser’s Vice-President, U.S. Lumber, will be appointed President, Solid Wood, responsible for all of the company’s lumber operations.

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Veneer Technologies Craftsman’s Challenge Selects Judges For 2017

by | Feb 15, 2017 | News

Veneer Technologies has announced the 2017 panel that will decide this international design competition highlighting achievement in the use of natural wood veneer products. The judges for this year are Karen Koenig, editor of Woodworking Network’s special publications and projects, including the Red Book resource guide; Stephen Latta, professor of cabinetmaking and wood technology at Thaddeus Stevens College of Technology, and a contributing editor for Fine Woodworking; and Mike Taylor, president and CEO of States Industries, manufacturer of hardwood plywood veneer panels.

“Our competition is unique in that we recognize the entire supply chain, from the material source to the distributor to the designer/craftsperson,” explains Veneer Tech’s Alan Hubbard, face veneer sales manager. “Our judge panel also reflects a cross section of industry experts, drawn from educators, hands-on woodworkers, trade media, and manufacturers.”

Veneer Tech Craftsman’s Challenge entries are being accepted now through May 31, 2017. Competition categories include Architectural Woodworking, Cabinetry, Furniture, Marquetry, Specialty Products and Student Design. Entry forms are available online through www.veneertech.com. There is no entry fee. Material does not need to have been sourced through Veneer Tech to be eligible.

A cash award of $3000 will be made to the creator of the grand prize winning entry. The distributor of the veneer for the grand prize winning entry will receive $2000, and the corresponding distributor salesperson will receive $1000. Category winning entries receive $1000 each. There is also an additional $1000 award to the grand prizewinner for early entry by March 31, 2017. Awards will be announced at AWFS Las Vegas, July 19-22, 2017.

From Woodworking Network: https://www.woodworkingnetwork.com/news/woodworking-industry-news/veneer-tech-craftsman%E2%80%99s-challenge-selects-judges-2017