Arauco acquires Panolam assets in Oregon, strengthening presence in North America
8 August 2018Global producer of wood products, Arauco, has purchased Panolam’s industrial assets located in Albany, Oregon. The acquisition continues the expansion of the company’s presence in the North American market.
The Panolam complex, which will be called Albany Treating and Lamination (ATL), is situated approximately 10 miles from Arauco’s existing particleboard and TFL operations in Albany. The site includes two thermally fused lamination lines with an annual installed capacity of 212,000m3, as well as two impregnation lines and warehouse capacity.
“With this acquisition, we are executing on our strategic plan to strengthen our footprint within the decorative laminate market in North America and expand capabilities to service present and anticipated growing demand,” said Kelly Shotbolt, president, Arauco North America.
