Kronospan Completes Simsboro Particleboard Purchase
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.
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