Kronospan, a leading producer of wood panel products, has executed an asset purchase agreement with Roseburg Forest Products to acquire Roseburg’s Simsboro particleboard facility. Completion of the acquisition is subject to customary closing conditions, including regulatory approvals. After the closing, the Simsboro plant will accelerate the growth of Kronospan’s wood panel production in North America.
“The acquisition of the Simsboro mill, along with its talented and experienced team of managers and associates, will allow us to bring products to market more efficiently and will improve service to our customers,” said Hans Obermaier, CEO of Kronospan’s North American operations.
The former Flakeboard plant was acquired by Roseburg in 2011.
Kronospan is committed to modernizing the Simsboro particleboard facility in the post‐acquisition period and has a proven track record in this regard from prior acquisitions.
“Given Kronospan’s plan to continue modernizing and operating the mill, this is good news for the longevity of the Simsboro facility and our 176 team members who work there,” Roseburg President and CEO Stuart Gray said. “Simsboro has been a high-performing asset for Roseburg, and we believe it will continue to deliver value for its new owners.”
Kronospan began operations in 1897 as a sawmill in Lungotz, Austria. A privately held, family-owned company, Kronospan employs about 14,000 people and operates wood‐based panel production facilities worldwide. In the U.S., Kronospan currently operates two modern manufacturing locations in Alabama and Pennsylvania, servicing the market with MDF and particleboard, decorative products and laminate flooring.