Panolam, a leading supplier of integrated surface solutions, has sold the assets of Panolam’s Albany, Oregon, plant to Arauco, as the company said in the press release received by Lesprom Network.
Panolam currently makes High Pressure Laminate (HPL) to match some of Arauco’s Thermally Fused Laminate (TFL) offerings. Arauco and Panolam have reached an agreement that enhances their TFL offerings to customers. Arauco intends to coordinate the operations of this plant with its own operations in Albany.
“This deal represents a great opportunity for Panolam to expand the geographic reach of its TFL offerings and ensure that we can deliver a broad range of surface materials such as HPL, TFL, Fiber Reinforced Laminate (FRL) and Fiberglass Reinforced Plastic (FRP) throughout North America,” said Peter Jones, CEO of Panolam.
TFL color matches for Panolam’s HPL offerings will continue to be available from the Albany plant throughout the western U.S. and Canada. In fact, such offerings will also now be made available in the southern U.S. through a new cooperation between Arauco and Panolam. Panolam designs will be available nationwide again in TFL.
Panolam’s Huntsville, Ontario TFL plant will continue to serve primarily the northeastern and midwestern U.S. and eastern Canada. Unlike the Albany facility, the Huntsville plant is a fully-integrated operation which also produces the particleboard on which the laminate is placed. Panolam has made substantial recent investments in upgrading Huntsville’s capabilities and remains committed to offering its customers great service and a top quality product.
Arauco is a global manufacturer of a wide range of sustainable forest product solutions.
