Timber Products Co. finalized the purchase of SierraPine’s Ampine Particleboard facility located in Martel, CA.
SierraPine said it will divest its two remaining composite panel mills to Roseburg Forest Products and Timber Products Co. The news was announced Aug. 11.
Arauco subsidiary Flakeboard's plan to purchase three SierraPine panel mills has been called off. Arauco and SierraPine mutually agreed to terminate the asset purchase agreement "due to certain objections by the U.S. Department of Justice."
SierraPine has entered into an agreement with Flakeboard America Limited, a US subsidiary of Arauco, for the sale of its western operations, including particleboard mills in Springfield, OR and Martell, CA and an MDF mill in Medford, OR.
Today Flakeboard America Limited, a US subsidiary of Arauco, has agreed to buy the western US panel assets of SierraPine, a California limited partnership, consisting of two particleboard plants located in California and Oregon, and an MDF plant in Oregon.
SierraPine is pleased to announce completion of Health Product Declaration™ (The HPD™) for its particleboard and MDF specialty products.
SierraPine becomes the first particleboard and MDF manufacturer in North America to complete a Health Product Declaration (The HPD) with SCS Global Services for its specialty products.
SierraPine President Jeff Johnson has been elected to the Executive Committee of the Composite Panel Association (CPA). The At-Large seat was previously held by Jim Skinner, who retired at the end of last year.