Nip Impressions logo
Thu, Jan 24, 2019 01:43
Visitor
Home
Click here for Pulp & Paper Radio International
Subscription Central
Must reads for pulp and paper industry professionals
Search
My Profile
Login
Logout
Management Side
PotlatchDeltic to sell El Dorado business to Roseburg Forest Products

SPOKANE, Wash. (News release) -- PotlatchDeltic Corporation announced an agreement to sell its El Dorado Medium Density Fiberboard business to Roseburg Forest Products for a purchase price of approximately $92 million, consisting of $63 million in cash and assumption of $29 million of revenue bond obligations.

"We obtained this well-positioned MDF business through our recent merger with Deltic Timber. The sale of MDF focuses our Arkansas operations on timberlands and lumber while enhancing shareholder value," said Mike Covey, chairman and chief executive officer. PotlatchDeltic expects to use proceeds from the transaction for general purposes.

The transaction is subject to customary closing conditions, including Hart-Scott-Rodino regulatory review, and is expected to close in first quarter 2019. The El Dorado MDF business will continue to operate independently of Roseburg until the transaction closes.

CIBC Capital Markets is acting as financial advisor to PotlatchDeltic.

****

An empty desk isn't spinning the invoice printer--fill it at Onlypulpandpaperjobs.com
*****

Looking for your next career move? Onlypulpandpaperjobs.com is solely dedicated to the pulp & paper industry! [29.11.18]

****

Are you struggling to fill Maintenance Technician roles?


Printer-friendly format

 





Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: