Kronospan announces acquisition of Woodgrain’s particleboard facility

Kronospan Strengthens North American Presence with Acquisition of Woodgrain's Particleboard Facility

Island City, Oregon – May 20, 2024 – Kronospan (www.kronospan.com), a leading manufacturer of wood panel products, announced today the acquisition of Woodgrain's particleboard facility in Island City, Oregon. This strategic move strengthens Kronospan's position in the North American market and aligns with their commitment to continued growth.

“We're thrilled about this acquisition,” said Hans Obermaier, CEO of Kronospan's North American operations. “The Island City plant and its skilled workforce will be a valuable asset, allowing us to better serve our customers and achieve long-term success.”

“Finding the right buyer for our facility and employees was a priority,” stated Kelly Dame, President and CEO of Woodgrain. “We're confident Kronospan is a great fit, and we're pleased they plan to invest in modernizing the plant.”

Kronospan confirms their intention to invest in upgrades at the Island City facility following the official acquisition.

About Kronospan

Founded in 1897 as a sawmill in Lungötz, Austria, Kronospan is a family-owned leader in wood-based panel production. The company employs around 14,000 people worldwide and operates manufacturing facilities across the globe. In the United States, Kronospan already boasts three established locations in Alabama, Louisiana, and Pennsylvania.