Arauco to Buy Canada’s Flakeboard

Chilean forestry products firm Arauco signed an agreement in June to acquire 100% of the shares of Flakeboard Company Limited, a leading panel manufacturer in the North American market, for US$242.5 million,

Flakeboard operates seven production facilities in Canada (New Brunswick and Ontario) and the United States (Oregon, Arkansas and South Carolina), which are strategically located in relation to centers of consumption and supply of raw materials.

“This transaction reflects the significant internationalization process that Arauco is undertaking. With this important transaction, Arauco confirms its commitment to leadership in the panel business and to becoming one of the most important actors in this market at the global level,” said Arauco’s Executive Vice President Matías Domeyko.