Ainsworth
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Norbord and Ainsworth create giant OSB merger
Norbord Inc. and Ainsworth Lumber Co. Ltd. today announced that they have signed a definitive agreement under which they will merge to create a leading global wood products company focused on oriented strand board (OSB) across North America, Europe and Asia. As Norbord states in a press release, 'the combination of the two companies will create one of the largest and lowest-cost OSB producers globally, with a portfolio of high-quality assets that produce a wide range of products for residential, industrial and specialty applications'. Under the terms of the arrangement agreement announced today, Norbord has agreed to acquire all of the outstanding common shares of Ainsworth. On a pro forma basis, the combined company generated USD $1.63 billion in sales and USD $143 million in Adjusted EBITDAfor the 12 months ended September 27, 2014. Norbord operates seven North American mills,... Continue reading
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December 8, 2014
Norbord and Ainsworth create giant OSB merger
Norbord Inc. and Ainsworth Lumber Co. Ltd. today announced that they have signed a definitive agreement under which they will merge to create a leading global wood products company focused on oriented strand board (OSB) across North America, Europe and Asia. As Norbord states in a press release, 'the combination of the two companies will create one of the largest and lowest-cost OSB producers globally, with a portfolio of high-quality assets that produce a wide range of products for residential, industrial and specialty applications'. Under the terms of the arrangement agreement announced today, Norbord has agreed to acquire all of the outstanding common shares of Ainsworth. On a pro forma basis, the combined company generated USD $1.63 billion in sales and USD $143 million in Adjusted EBITDAfor the 12 months ended September 27, 2014. Norbord operates seven North American mills,... Continue reading
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Norbord and Ainsworth create giant OSB merger
Norbord Inc. and Ainsworth Lumber Co. Ltd. today announced that they have signed a definitive agreement under which they will merge to create a leading global wood products company focused on oriented strand board (OSB) across North America, Europe and Asia. As Norbord states in a press release, 'the combination of the two companies will create one of the largest and lowest-cost OSB producers globally, with a portfolio of high-quality assets that produce a wide range of products for residential, industrial and specialty applications'. Under the terms of the arrangement agreement announced today, Norbord has agreed to acquire all of the outstanding common shares of Ainsworth. On a pro forma basis, the combined company generated USD $1.63 billion in sales and USD $143 million in Adjusted EBITDAfor the 12 months ended September 27, 2014. Norbord operates seven North American mills,... Continue reading