Boise Cascade Company reported on Monday that it had completed its previously announced purchase of Coastal Plywood Company and its manufacturing operations in Chapman, Alabama, and Havana, Florida, for $512 million.
News in structural 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.
LP Building Solutions Breaks Ground on a New LP SmartSide ExpertFinish Facility in Bath, New York
On Tuesday morning, LP Building Solutions (LP) broke ground on a new LP® SmartSide® ExpertFinish® facility on 75 acres in the town of Bath, New York. The facility is expected to be operational by Q3 of 2023.
Tolko Industries Joins Alberta Forest Products Association
On Tuesday, the Alberta Forest Products Association (AFPA) announced that Tolko Industries Ltd. has officially joined the AFPA. Tolko has operated in Alberta since 1994 when their OSB mill in High Prairie first came online.
Wood Panel Production in Europe Increased 10% in 2021
According to the latest data released by the European Panel Federation (EPF), European wood-based panel production was up 10% in 2021.
LP Building Solutions Converting Sagola Michigan OSB Facility to LP SmartSide Production
LP Building Solutions, based in Nashville Tennessee, has announced that it is converting its Sagola, Michigan, facility from producing oriented […]
US Structural Plywood Integrity Coalition Asks Federal Court for a Temporary Injunction Against a Brazilian Plywood Certification Provider
The US Structural Plywood Integrity Coalition on Tuesday, June 14, 2022, filed a motion in Federal District Court in Florida for an expedited hearing and temporary injunction against Forestwood Industries Inc. and Association for Laboratory Accreditation Inc (“A2LA”) and their certification of Brazilian manufactured plywood panels.
Boise Cascade Announces Agreement to Acquire Coastal Plywood Company
Boise Cascade Company, a leading producer of engineered wood products and plywood in North America, announced today that it has reached an agreement to acquire Coastal Plywood Company, including its two manufacturing facilities, from Coastal Forest Resources Company for $512 million.
ABIMCI States the Permanent Injunction Against PFS-TECO Does Not Cover Product Certified on or Before May 31, 2022
The permanent injunction agreed to by the US Structural Plywood Integrity Coalition and PFS-TECO and signed by a US federal district judge in Florida on May 23, 2022, did not prohibit, limit, or restrict the sale and/or use of plywood panels produced and stamped with the PFS-TECO PS-1 certification until after May 31, 2022.
Tolko Company Releases Update on Fire Damage Repair Process for High Prairie, Alberta, OSB Facility
Investigations continue into the fire that damaged the Tolko OSB facility in High Prairie, Alberta, on Friday, May 20. Currently, there is no production taking place at the site. The facility is still shipping out existing finished product as trucks and empty railcars become available. On May 30, operations teams started clean-up in restricted areas.