USA – Kronospan, a global leading wood panel products producer, recently announced its acquisition of Woodgrain’s particleboard manufacturing facility in Island City, Oregon.

This acquisition is poised to reinforce Kronospan’s standing in the North American wood panel market and underscores its commitment to overall growth, the company stated.

Hans Obermaier, CEO of Kronospan’s North American operations, expressed his excitement in prepared remarks for the news release, stating, “I’m very excited about today’s announcement. The addition of the Island City plant and its talented team will further enhance our ability to serve our customers and provide long-term benefits to our stakeholders.”

Kelly Dame, CEO of Woodgrain, noted, “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 intention to invest in modernizing the Island City plant post-acquisition, demonstrating its commitment to innovation and sustainability in the industry.

This is the second particleboard facility purchase in less than a year.In December, Kronospan closed the purchase of Roseburg’s Simsboro, Louisiana, particleboard facility.