Uniboard to be purchased by Kaycan13 September 2012
Pfleiderer Canada Inc, the parent company of Uniboard Canada Inc, a North American leader in engineered wood products, has entered into an agreement to sell its particleboard, MDF, thermally fused melamine and laminate flooring facilities to a subsidiary of Kaycan Ltd, a North American leader in vinyl, aluminum and engineered wood siding, trim and aluminum building products for over 38 years, in an all cash deal.
The Uniboard facilities sold to Kaycan include three particleboard lines, one MDF line, five thermally fused melamine lines and two laminate flooring lines servicing primarily the Canadian, US Northeast and Mid-West US markets. Kaycan is a private Canadian corporation focused on the North American building industry.
Uniboard's President and ceo James Hogg stated: "This agreement marks the dawning of an exciting new era for Uniboard. As a market leader in Quebec, Ontario and the Northeast United States market, this acquisition will allow Uniboard to reinforce our market position and to fully focus our attention on driving the business forward in both our panel and laminate flooring operations."