Upon completion of the acquisition, the Arauco plants in North America will have an installed panel capacity of 2 billion ft2 (3/4in basis) or 3.5 million m3, adding to the capacity of the composite panel plants that Arauco holds in Brazil, Argentina and Chile.
According to Flakeboard president, Kelly Shotbolt: "We are extremely excited about our proposed purchase of SierraPine and specifically the benefits that additional western facilities add in terms of product offering, manufacturing locations, and employee experience."
The transaction is subject to customary conditions, including regulatory approvals.
