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Roseburg planning to acquire MDF mill in El Dorado

17.01.2019 − 

US-American Roseburg Forest Products intends to expand its foothold in the MDF business by making a third acquisition. The company re-entered the MDF manufacturing business in September 2015 when it purchased a mill in Medford, Oregon from Sierra Pine. Its March 2018 acquisition of the Canadian MDF/HDF producer Pembroke MDF, closed in April. Towards the middle of December, Roseburg signed an agreement in principle to buy an MDF mill in El Dorado, Arkansas that does business as Del-Tin Fiber. This mill used to be owned by PotlatchDeltic, which was created when Deltic Timber merged with Potlatch in February 2018. PotlatchDeltic put the purchase price at approximately US$92m, comprising a cash payment of US$63m and the acquisition of shares to the tune of US$29m. Roseburg intends to complete this asset deal by the end of the first quarter, subject to approval from anti-trust authorities.

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