The mills are located in Taylorsville, Louisville, Eupora and Oxford, MS; Russellville, SC; and Vienna, GA.
"Our analysis placed a very high value on this solidly performing business," said Mike Rehwinkel, G-P's president - wood products. "However, its strategic fit and potential synergies with Roseburg's existing business made it even more valuable to them."
The acquisition, scheduled to be complete by Dec. 1, will make Roseburg one of the largest manufacturers of particleboard products in the United States.
"Roseburg Forest Products has a strategy to grow our company; composite panels are a core area of growth for us," said Allyn Ford, owner and president. "Acquiring G-P's particleboard, melamine and cut-up facilities gives us a better ability to meet our customers' needs for growth throughout the country."
The mills make particleboard and, in the case of Oxford and Eupora, related products such as thermally fused melamine and cut-to-size panels. Approximately 750 employees work at the six particleboard mills. Roseburg said it plans to hire the vast majority of the existing workforce. The sale will not include any other G-P businesses at complexes where some of these particleboard facilities are located.
Announcement of the G-P-Roseburg transaction comes on the heels of Weyerhaeuser's sale of its six U.S. particleboard and MDF mills to Flakeboard.
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