Uniboard Completes Sale of Moncure Facilities

Moncure, NC, Jan. 25, 2012 -- Uniboard USA said it has finalized the sale of its facilities in Moncure to a subsidiary of Paneles Arauco.

Uniboard had entered into an agreement with Arauco to sell the Moncure facilities on December 29.

The Moncure facilities sold to Arauco is servicing primarily the Southeast U.S. Arauco will license the Uniboard Melamine collection for sales in the region and says it will continue employment at levels similar to Uniboard at the Moncure site.

Uniboard Canada Inc. will continue to service the Canadian and U.S. market with its full range of products of particleboard, MDF, thermofused melamine and laminate flooring from its mills in Sayabec, Val d'Or, Mont Laurier and Laval.