Arauco, Atlanta, Ga., has purchased Panolam’s industrial operations in Albany, Or.
The Panolam complex, which will be called Albany Treating & Lamination, sits about 10 miles from Arauco’s existing particleboard and TFL operations in Albany. The site includes two thermally fused lamination lines, 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. “These assets provide the perfect platform to increase lamination production, while adding a second impregnation site, complementing our existing impregnated paper site on the East Coast.”
The companies also signed a commercial agreement allowing Arauco to manufacture Panolam-branded TFL for the western and southern U.S.