Apr 02, 2015. /Lesprom Network/. Norbord Inc. and Ainsworth Lumber Co. Ltd. complete their merger. Under the terms of the transaction, Norbord acquired all of the outstanding common shares of Ainsworth in an all-share transaction and Ainsworth shareholders received 0.1321 of a share of Norbord for each Ainsworth share. Ainsworth is now a wholly-owned subsidiary of Norbord, as the company said in the press release received by Lesprom Network.

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").