MONCURE, NC, Jan. 24, 2012 /CNW Telbec/ - Uniboard® USA LLC, a North American leader in engineered wood products announced
today that it has successfully finalized the sale of its facilities
located in Moncure, North Carolina to a subsidiary of Paneles Arauco.
Uniboard® had entered into an agreement with Arauco to sell the Moncure
facilities on December 29, 2011.
The Moncure facilities sold to Arauco is servicing primarily the US
South East. Arauco will license the Uniboard® Melamine collection for sales in the US South East providing a seamless
transition for the customer base. Arauco will continue employment at
levels similar to Uniboard at the Moncure site.
Uniboard® Canada Inc. will continue to service the Canadian and US market with
its full range of products of particleboard, MDF, thermofused melamine
including the Uniboard® Melamine collection as well as laminate flooring from its mills in
Sayabec, Val d'Or, Mont Laurier and Laval.
CIBC World Markets Inc. is acting as financial advisor and Morrison
Cohen LLP is acting as legal advisor to Pfleiderer AG, Uniboard's
ultimate parent company in Germany.
About Uniboard® USA LLC
Uniboard® USA LLC, a subsidiary of Pfleiderer AG, is a sister company of Uniboard® Canada Inc, a leading North American manufacturer of engineered wood
products, with installed capacity of over 1.1 million cubic metres of
raw particleboard, high density and medium density fiberboard, of which
over 50% is converted into value added melamine and laminated flooring
products. Its products are sold to retailers, distributors and finished
goods manufacturers, which cater to the kitchen cabinet industry, the
furniture industry, the renovation and construction industries, as well
as to the floor covering industry.
®Registered trademark of Uniboard Canada Inc.
SOURCE UNIBOARD CANADA INC.
For further information:
President and CEO
Uniboard Canada Inc.
1 450 682-5240