News in composite panels

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.

Vinkovci, Croatia, based DI Spačva Timber Company Announces Prospective Buyers Have Started Due Diligence on the Company

DI Spačva, a timber company, based in Vinkovci, Croatia, has announced that prospective buyers have started conducting their due diligence on the company. DI Spačva consists of five factories: a sawmill, a parquet production plant, a final products factory, a veneer factor, and a bio-fuels factory.