Pfleiderer Canada Sells Laminate Facilities
Laval, Quebec, Canada, Sept. 6, 2012 -- Pfleiderer Canada, the parent company of Uniboard Canada, has agreed to sell its particleboard, MDF, thermally fused melamine and laminate flooring facilities to a subsidiary of Kaycan Ltd.
Kaycan is a North American firm in vinyl, aluminum and engineered wood siding, trim and aluminum building products for over 38 years.
The deal was all cash.
The Uniboard facilities include three particleboard lines, one MDF line, five thermally fused melamine lines and two laminate flooring lines servicing primarily the Canadian, and the U.S. Northeast and Mid-West markets.
Kaycan is a private Canadian corporation focused on the North American building industry.
Uniboard CEO James Hogg said in a press release, "This agreement marks the dawning of an exciting new era for Uniboard. As a market leader in Quebec, Ontario and the Northeast United States market, this acquisition will allow Uniboard to reinforce our market position and to fully focus our attention on driving the business forward in both our panel and laminate flooring operations."