December 22, 2023 3:40 a.m.
In the KQEN Business Spotlight:
Kronospan, a leading producer of wood panel products, announced Thursday the closing of its purchase of Roseburg Forest Products Simsboro, Louisiana, particleboard facility following the expiration of the required regulatory review period.
An RFP release said ownership of the plant has been transferred from Roseburg to Kronospan.
Roseburg Corporate Communications Director Rebecca Taylor said the Simsboro particleboard facility will accelerate the growth of Kronospan’s wood panel production in North America. Taylor said the new owner is committed to modernizing the facility in the post-acquisition period and has a proven record of accomplishment in this regard from prior acquisitions.
CEO of Kronospan’s North American Operations Hans Obermaier said, “This acquisition marks a significant event in the growth of Kronospan’s North American business, as it will enable us to expand our footprint in the particleboard and TFL markets and provide even better service to our existing and future customers”. Obermaier said, “The Simsboro site has a long history in the particleboard industry and this acquisition fits our growth portfolio well. We are excited to welcome our newest teammates to the Kronospan organization”.
The release said as part of the acquisition, Kronospan will retain the facility’s 182 team members. The two companies will work to ensure a seamless transition for vendors, suppliers, and customers.
Roseburg President and CEO Stuart Gray said, “This transaction bodes well for the future of the high-performing, well-managed Simsboro plant, its team members and the surrounding community”. Gray said, “The new owners have indicated their commitment to investing in the facility and operating it over the long term, which is great news for everyone involved”.
The release said Roseburg is heavily invested in the composites industry, manufacturing MDF and particleboard at plants across North America. The company recently announced significant investments in two new composites plants located in Dillard, which will manufacture medium and high-density fiberboard and MDF trim suitable for exterior applications.