Weyerhaeuser Company announced on July 31 that it has completed its sale of the North American composite panels business to Flakeboard America Limited, a U.S. subsidiary of Flakeboard Company Ltd. Terms of the transaction were not disclosed.

In the transaction, Flakeboard has acquired mills in Albany, Ore.; Bennettsville, S.C.; Eugene, Ore.; Malvern, Ark.; and Simsboro, La.

The mills, which produce medium density fiberboard (MDF) or particleboard, have the capacity to produce a total of 1.1 billion square feet annually.

Locally, the sale means that the former Weyerhaeuser Louisiana Partricleboard operation at Simsboro, which employs about 130 people, is not a part of Flakeboard, according to Mike Wolff, of Natchitoches, Louisiana Public Affairs Manager. Particleboartd, also known as Medium Density Fiberboard (MDF) is a composite panel used for cabinets and furniture. The Simsboro operation sells this anel product to home improvement warehouses, retailers, and industrial users.

Flakeboard is a Delaware corporation headquartered in Fort. Mill, S.C. Flakeboard Company Ltd. is headquartered in Markham, Ontario and currently has manufacturing facilities in Ontario and New Brunswick.

Weyerhaeuser Company, one of the world's largest integrated forest products companies, was incorporated in 1900. In 2005, sales were $22.6 billion. It has offices or operations in 18 countries, with customers worldwide. Weyerhaeuser is principally engaged in the growing and harvesting of timber; the manufacture, distribution and sale of forest products; and real estate construction, development and related activities.

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