Roseburg buying Del-Tin Fiber
The deal includes an Arkansas MDF plant.
Roseburg Forest Products announced that it is purchasing the Del-Tin Fiber subsidiary from the PotlatchDeltic Corp.
The acquisition includes a medium density fiberboard (MDF) plant located in El Dorado, Ark. Terms of the deal were not disclosed but both companies said they expect the transaction to close in the first quarter of 2019.
Once the purchase is complete, this will mark Roseburg’s third MDF plant purchase in the past 3 years. The company acquired Pembroke MDF in eastern Ontario, Canada, in early 2018, and an MDF plant in Medford, Ore., in 2015.
“Roseburg is gradually expanding its geographic footprint in North America in high-performing markets with growth potential,” Roseburg President and CEO Grady Mulbery said. “The El Dorado facility in Arkansas will allow us to leverage synergies with our existing southern composite panel plants, while delivering our successful MDF brands to a broader customer base.”
Roseburg currently produces the Arreis, Medite, Medex, Permacore and Fibrlite product lines.
Based in Springfield, Ore., Roseburg produces particleboard, MDF and thermally fused laminates. The company also mills and manufactures softwood and hardwood plywood, lumber, LVL and I-joists. Roseburgh owns and sustainably 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 El Dorado MDF plant was built in 1998 and features a 9-foot-wide Kusters continuous press, Roseburg said.
“The culture of the El Dorado plant fits Roseburg well, not only from a sales and marketing standpoint, but also from structure and values perspectives,” Jim Buffington, Roseburg’s business director for industrial products, said. “As a company, we are committed to the composites business in North America, and look forward to welcoming the El Dorado plant and its team members to our organization.”
No comments found