News in composite panels

West Fraser Issues Statement Regarding Recent Media Speculation About CVC Capital & Kronospan’s Interest in Acquiring the Company

Reuters reported on Tuesday (7-19-22) morning that according to a source familiar with the matter, private equity firm CVC Capital and wood panel manufacturer Kronospan have submitted a joint expression of interest in acquiring Canadian lumber company West Fraser Timber Co.

Uniboard Canada Inc. Investing $250 Million in New State-Of-The-Art Particleboard Press Line at Its Val-D’Or, Quebec, Facility

Uniboard Canada Inc., a leading North American manufacturer of engineered wood products, announced on Tuesday that it was investing $250 million (CAD) in a new state-of-the-art particleboard press line at its Val-d’Or, Quebec, plant. The new continuous press will feature the latest in particleboard production technology.

CalPlant Enters into Plan Support Agreement, Files for Chapter 11 Bankruptcy while Pursuing Sale of the Company

CalPlant I, LLC (“CalPlant” or the “Company”), a Northern California-based company focused on manufacturing sustainably sourced building products, today (10-5-21) announced it has entered into a Plan Support Agreement (the “PSA”) with its senior bondholders, while pursuing a sale of the Company. To facilitate the sale process and implement the PSA, the Company has voluntarily filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Delaware.

Roseburg Forest Products Announces the Closure of its Dillard Oregon Particle Board Plant

Roseburg Forest Products on Wednesday (8-25-21) announced plans for a multi-million-dollar investment in new technology at its western manufacturing operations, the result of an extensive analysis of strategic business opportunities in the west. As part of the restructuring, the company announced that it will close its particleboard plant in Dillard, Oregon and offer current team members employment opportunities elsewhere in the organization.