Kronospan and Roseburg Forest Products Announce Planned Purchase and Sale of Roseburg’s Simsboro, LA, Particleboard Facility

Kronospan (http://www.kronospan-worldwide.com), a leading producer of wood panel products, has executed an asset purchase agreement with Roseburg Forest Products to acquire Roseburg’s Simsboro, La., particleboard facility. Completion of the acquisition is subject to customary closing conditions, including receipt of regulatory approvals. After the closing, the Simsboro plant will accelerate the growth of Kronospan’s wood panel production in North America.

“The acquisition of the Simsboro mill, along with its talented and experienced team of managers and associates, will allow us to bring products to market more efficiently and will improve service to our customers,” said Hans Obermaier, CEO of Kronospan’s North American operations.

Kronospan is committed to modernizing the Simsboro particleboard facility in the post-acquisition period and has a proven track record in this regard from prior acquisitions.

“Given Kronospan’s plan to continue modernizing and operating the mill, this is good news for the longevity of the Simsboro facility and our 176 team members who work there,” Roseburg President and CEO Stuart Gray said. “Simsboro has been a high-performing asset for Roseburg, and we believe it will continue to deliver value for its new owners.”

Roseburg is heavily invested in the composites industry, manufacturing particleboard and MDF at plants across North America. The company recently announced significant investments in two new composites plants located in Dillard, Ore., which will manufacture medium and high-density fiberboard and MDF trim suitable for exterior applications.

About Kronospan

Kronospan began operations in 1897 as a sawmill in Lungotz, Austria. A privately held, family owned company, Kronospan employs about 14,000 people and operates wood-based panel production facilities worldwide. In the U.S., Kronospan currently operates two modern manufacturing locations in Alabama and Pennsylvania – servicing the market with MDF and particleboard, decorative products and laminate flooring.

About Roseburg Forest Products

Founded in 1936, Roseburg Forest Products is a privately owned timber and wood products company based in the United States. The company is one of North America’s leading producers of medium density fiberboard. Roseburg also manufactures lumber, LVL, I-joists, and softwood and hardwood plywood. 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. Roseburg products are shipped throughout North America and the Pacific Rim. To learn more about the company please visit www.Roseburg.com.

Contact:

Rebecca Taylor – Corporate Communications Director – (541) 679-2614

Source: Roseburg Forest Products Co.