Roseburg expands north of the border
Roseburg Forest Products reported that it will acquire a medium density fiberboard (MDF) and moulding production facility from Pembroke MDF, Inc.
Located in northeastern Ontario, Canada, this marks Roseburg’s first international purchase. Terms of the deal were not disclosed, but Roseburg said it expects the deal to close by April 9.
The move continues a busy period for Roseburg. The Springfield, Ore.-based forest products manufacturer is currently building an engineered wood products plant in Chester, S.C., and recently acquired 158,000 acres of timberland in Virginia and North Carolina.
“The Pembroke plant and its employees present untapped potential that can be used to better serve existing and future customers of our innovative and versatile MDF product line,” said Mark Avery, Roseburg senior VP of industrial products and national accounts. “It’s an exciting opportunity for Roseburg to move into the northeastern region and further diversify our operations and meet demand.”
Roseburg currently owns and operates an MDF plant in Medford, Ore., which produces the company’s Arreis, Medite, Medex, Permacore and Fibrlite product lines.
“The addition of the Pembroke MDF plant means Roseburg customers will have access to a broader portfolio of products from a company with a demonstrated, long-term commitment to the industry,” said Jim Buffington, Roseburg business director for industrial products.
Roseburg manufactures softwood and hardwood plywood, lumber, LVL and I-joists. The company 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.
“While this deal represents an excellent strategic opportunity for the company, it also offers Pembroke employees and suppliers the promise of stability and consistency provided by Roseburg’s large manufacturing enterprise,” Roseburg president and CEO Grady Mulbery said. “This is a win-win for everyone involved, and we look forward to what the future will bring.”
L.J. Smith forms distribution agreement with Alliance Door Products
L.J. Smith Stair Systems, the Bowerston, Ohio-based stair parts manufacturer, has formed a distribution agreement in the Pacific Northwest with Alliance Door Products.
Under terms of the partnership, L.J. Smith will service customers in eastern Washington, northern Idaho and western Montana through Alliance and its distribution center in Spokane, Wash.
“This partnership allows L.J. Smith to continue to expand its role as an industry leader,” said Craig Kurtz, president of L.J. Smith Stair Systems. “This is a great opportunity for us to increase service levels to our valued customers throughout the Pacific Northwest.”
Based in Lynden, Wash., Alliance Door Products distributes residential, commercial and architectural doors, along with millwork and hardware products from seven locations in the United States and Canada, including Portland, Ore.; Seattle and Spokane, Wash.; Abbotsford, British Columbia; Calgary and Edmonton, Alberta; and Winnipeg, Manitoba.
“Our collaboration with L.J. Smith will further enhance our position as the premier supplier of building product materials throughout the Pacific Northwest,” said Mike Strausser, VP of sales for Alliance Door Products. “We are excited to expand our product offerings with a powerful partner like L.J. Smith.”
HBSDealer Stock Watch: On the mend for Monday
|Most companies on the HBSDealer Stock Watch bounced back on Monday as investors shed tariff doubts.|
|Big winners included BMCH (up 4.85%), HBP (up 4.39%) and DOOR (up 3.73%).|
|BLDR (Builders FS)||21.07||-1.68%|
|BMCH (BMC Stock)||23.75||+4.85%|
|CENT (Central Garden)||40.57||+1.00%|
|DE (Deere & Co.)||157.54||+2.76%|
|HD (Home Depot)||181.74||+1.84%|
|LL (Lumber Liquidators)||23.84||+2.27%|
|SHLD (Sears Holdings)||2.55||-6.59%|
|SMG (Scotts Miracle-Gro)||91.35||+0.67%|
|TSCO (Tractor Supply)||64.42||+0.31%|
|UFPI (Universal Forest)||32.73||+0.12%|