Urethane Blog
Kronospan Acquires Woodgrain Particleboard Facility
May 28, 2024
Kronospan makes second particleboard facility acquisition in recent months
By Larry Adams
May 23, 2024 | 9:38 am CDT
Particleboard plant in Island City, Oregon.
Photo By Kronospan
Kronospan, a leading producer of wood panel products, has acquired Woodgrain’s Particleboard facility in Island City, Oregon, which is the second particleboard facility purchase in less than a year.
In December, Kronospan closed the purchase of Roseburg’s Simsboro, Louisiana, particleboard facility.
The company said the addition of the Island City plant will strengthen Kronospan’s position in the North American wood panel market and further demonstrates Kronospan’s commitment to its overall growth strategy. Kronospan has expressed its intent to invest in the modernization of the Island City plant upon completion of the post-acquisition period.
“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” said Hans Obermaier, CEO of Kronospan’s North American operations.
Kelly Dame, president and CEO of Woodgrain stated, “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”
In addition to the Louisiana, particleboard plant, and now the Oregon facility, Kronospan operates wood products sites in North America, including in Oxford, Alabama, a multi-product site with MDF, Particleboard, Laminate Flooring, TFL and other products, and an MDF/HDF plant in Clarion, Pennsylvania.
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