Uniboard USA to Sell MDF and Particleboard MillsDecember 30th, 2011 by DWM Magazine
Uniboard® USA LLC has entered into an agreement to sell its MDF and particleboard facilities located in Moncure, N.C., to a subsidiary of Paneles Arauco S.A.
According to the announcement, the Moncure facilities sold to Arauco include particleboard, MDF and TFM production capacity servicing primarily the United States South East. Uniboard® Canada Inc. will continue to service the Canadian and U.S. markets with its full product range 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.
The announcement notes that Arauco will license the Uniboard® Melamine collection for sales in the United States South East providing a seamless transition for the customer base.
Closing of the transaction is expected in the first quarter 2012 subject to certain terms and conditions.
CIBC World Markets Inc. is acting as financial advisor and Morrison Cohen LLP is acting as legal advisor to Pfleiderer AG.