Roseburg finalizes Canadian MDF acquisition
Roseburg Forest Products has completed the purchase of Pembroke’s medium density fiberboard (MDF) plant and molding production facilities located in northeastern Ontario, Canada.
The two companies reached an agreement in principle in March, dependent upon final due diligence and Board of Director approval. Terms of the deal were not disclosed.
The latest acquisition, first reported by HBSDealer last month, continues a period of expansion for Roseburg. This is the Springfield, Ore.-based company’s first venture in Canada.
“This acquisition is a strategic step toward expanding our North American footprint and increasing our presence in the MDF market,” Roseburg President and CEO Grady Mulbery said. “The Pembroke plant and its employees are an excellent addition to our enterprise. We look forward to getting to know the employees and the Laurentian Valley community.”
Roseburg manufactures softwood and hardwood plywood, lumber, LVL and I-joists. The company owns and manages more than 600,000 acres of timberland in Oregon, North Carolina and Virginia, as well as an export wood chip terminal facility in Coos Bay, Ore.
The two companies reached an agreement in principle in March, dependent upon final due diligence and Board of Director approval. Terms of the deal were not disclosed.
The latest acquisition, first reported by HBSDealer last month, continues a period of expansion for Roseburg. This is the Springfield, Ore.-based company’s first venture in Canada.
“This acquisition is a strategic step toward expanding our North American footprint and increasing our presence in the MDF market,” Roseburg President and CEO Grady Mulbery said. “The Pembroke plant and its employees are an excellent addition to our enterprise. We look forward to getting to know the employees and the Laurentian Valley community.”
Roseburg manufactures softwood and hardwood plywood, lumber, LVL and I-joists. The company owns and manages more than 600,000 acres of timberland in Oregon, North Carolina and Virginia, as well as an export wood chip terminal facility in Coos Bay, Ore.