With the completion of the merger, it is expected that the common shares of Ainsworth will be de-listed from the Toronto Stock Exchange on or about April 2, 2015.
"This transaction is a significant milestone, and the addition of the Ainsworth OSB mills and strong team of people create a tremendous platform for the future," said Peter Wijnbergen, President and CEO. "Norbord will be a leading global wood products company, active on three continents and with more than $1.6 billion in sales in 2014. With a larger mill network, we will be in a better position to serve customers' evolving needs and meet increasing demand as the recovery in the US housing market continues."
Norbord Inc. is a leading global manufacturer of wood-based panels and the world's largest producer of oriented strand board ("OSB").
