Alabama’s Kronospan, a leading producer of wood panel products, has announced the acquisition of Woodgrain’s particleboard facility in Island City, Oregon. The addition of the Island City plant will strengthen Kronospan’s position in the North American wood panel market and further demonstrates Kronospan’s commitment to its overall growth strategy.
Kelly Dame, President and CEO of Woodgrain stated, “It was important for us to find a buyer that is a good fit for our 124 team members, and one that will continue to invest in the plant and its people”
Kronospan has expressed its intent to invest in the modernization of the Island City plant upon completion of the post-acquisition period.
In the U.S., Kronospan currently operates three manufacturing locations in Alabama, Louisiana and Pennsylvania.
Source: Kronospan acquires Woodgrain’s particleboard facility in Island City, Oregon