Arauco Purchases Flakeboard
Flakeboard operates production sites in Canada and the U.S., including MDF plants in Malvern, Ark.; Eugene, Ore.; Bennettsville, SC; and Sault Ste. Marie, Ontario; particleboard plants in Albany, Ore; Bennettsville, SC; and St. Stephen, New Brunswick; high density fiberboard plant in St. Stephen; and several melamine lamination lines.
With the purchase of Flakeboard, which is expected to be completed during the second semester of this year, the annual production of Arauco panels in North America is expected to increase to 2.9 million m3 (1.6 billion SF, 3⁄4 in. basis), as a result of which Arauco reports it would become the largest composite panel producer in America in terms of volume and third at the global level.
Arauco earlier this year purchased the Uniboard MDF and particleboard plants at Moncure, NC. Arauco also operates four MDF plants in Chile, Argentina and Brazil, a particleboard plant in each of Argentina and Brazil and a plywood facility in Chile. Arauco sources raw material from its 3.9 million acres (1.6 million hectares) of forest plantations in Chile, Argentina, Brazil and Uruguay.
According to Flakeboard President and CEO, Kelly Shotbolt: “We are extremely excited about our planned integration with Arauco and specifically about the opportunities that the new ownership structure brings for the larger company, our customers, our combined employees, and the communities in which we operate.”
Arauco has indicated that the North American assets will operate under the Flakeboard name and that the Flakeboard senior management team will be tasked with integrating and managing the combined operations. Shotbolt will be retained as head of Flakeboard North America.
RELATED ARTICLES
Latest News
Con-Vey Adds Sales Manager
Con-Vey, a leading provider of industrial automation and custom material handling equipment, has appointed industry veteran Jon Stults as its new sales manager. Stults, with nearly three decades of experience in the industry, will play a pivotal role in advancing Con-Vey’s sales strategies and processes…
Tolko Names New Chief Operating Officer
Brad Thorlakson, President and CEO of Tolko Industries, has announced that Pino Pucci, Vice President of Sales, Marketing and Logistics will assume a newly created interim role as Tolko’s Chief Operating Officer. “This role has been created to support our succession planning process, as Pino will eventually succeed me as President & CEO,” Thorlakson says. “Pino’s proven leadership experience, significant focus on people and culture, and his alignment with our values make him the perfect…
RoyOMartin Employees Better Themselves
The RoyOMartin University (ROM-U) program identifies emerging leaders and develops their potential to ensure that the company maintains a pipeline of leaders prepared to take the next step in their careers. Recently, Louisana-based RoyOMartin recognized Luke Briley, dry end manager, RoyOMartin-Plywood; Brett Danzy, mechanical maintenance superintendent, RoyOMartin-Plywood; Jermaine Davis, corporate purchasing coordinator, corporate office); and…
Find Us On Social
Newsletter
The monthly Panel World Industry Newsletter reaches over 3,000 who represent primary panel production operations.
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.
Advertise
Complete the online form so we can direct you to the appropriate Sales Representative. Contact us today!