Kronospan Acquires Woodgrain’s Island City, OR, Particleboard Facility

Kronospan, an Austria-based producer of wood panel products, announced on Monday that it has acquired Woodgrain’s particleboard manufacturing facility in Island City, Oregon.

The addition of the Island City plant will strengthen Kronospan’s position in the North American wood panel market and will serve to further demonstrate Kronospan’s commitment to its overall growth strategy, the company said.

In comments prepared for the news release, Hans Obermaier, CEO of Kronospan’s North American operations, said, “I’m very excited about today’s announcement. The addition of the Island City plant and its talented team will further enhance our ability to serve our customers and provide long term benefit to our stakeholders.”

Kelly Dame, President and CEO of Woodgrain, added, “It was important for us to find a buyer that is a good fit for our 124 team members, and one that will continue to invest in the plant and its people,”

Kronospan has expressed its intent to invest in the modernization of the Island City plant upon completion of the post-acquisition period.