St.-Gobain targets Denmark, Estonia
St.-Gobain, one of the largest global distributors of building materials, has announced its plans to acquire the building materials division of DLH Group of Denmark. Reuters reported the purchase price as $115.5 million.
The acquisition, subject to regulatory approval, would bring St.-Gobain 18 outlets and a logistics center in Denmark, where DLH is the third largest player in the building materials industry.
St.-Gobain is also in exclusive talks with Famar Desi, the leading building materials distributor in Estonia. Famar Desi’s network includes 16 locations, including two in Latvia. Also subject to regulatory approval, the deal would establish St.-Gobain’s first building materials operations in those countries.
St.-Gobain’s building materials distribution network includes more than 4,000 outlets in 24 countries.
Louisiana-Pacific in venture with Chilean firm
Wood products giant Louisiana-Pacific has announced a planned joint venture agreement with Chile-based Masisa for oriented strand board (OSB) manufacturing capabilities in Ponta Grossa, Brazil.
The OSB assets were placed in service in 2003 and have an annual production capacity of 375 million square feet, according to a joint news release from the companies.
“This is an important addition to [Louisiana-Pacific’s] investments in South America and will accelerate progress toward our strategic objective of growing our international business,” said Rick Olszewski, executive vp-sales of Louisiana-Pacific’s specialty products businesses, and president of LP South America. “The Brazilian assets will help us continue to satisfy the growing need for structural panels in South America.”
LP currently operates an OSB and siding mill in Panguipulli, Chile, and is opening a second mill in Lautaro, Chile, in the first quarter of 2008. Additionally, LP is in the planning process of relocating its Woodland, Maine, OSB assets to a to-be-determined location in South America.
Louisiana-Pacific, based in Nashville, Tenn., is one of North America’s largest suppliers of building products.
Hughes Lumber expanding
Hughes Lumber will move its headquarters to the Tulsa Port of Catoosa in 2008, according to a report in the Tulsa (Oklahoma) World newspaper.
The relocation is part of president Robert Hughes’ plan to expand the company’s port facility from five to 11 acres and will result in Hughes closing its administrative office in south Tulsa and a lumberyard in Owasso, according to the report.
Construction on the port facility begins in January and should be completed by September, the company said.
The Catoosa operation will put Hughes Lumber close to the interstate highway system, Hughes added. The lumber company supplies builders throughout Oklahoma and several neighboring states.
Hughes Lumber began as a hardware store in the early 20th century and became a lumber supplier by 1920. The Hughes family moved the administrative offices to Tulsa in the 1970s and opened a door shop and distribution operation at the Tulsa Port of Catoosa about 10 years ago.
Hughes Lumber employs about 40 people in the Tulsa area, as well as many seasonal workers. Its lumberyards are located in Bartlesville, Muskogee, Stillwater, Enid and Ponca City.