Trending...
- Preliminary.online Introduces Short-Term Job-Readiness Courses with Employer-Verified Certifications
- Psychologist-Turned-Hermeticist Releases Modern Guide to the Seven Hermetic Principles
- Winners Announced for Asia Pacific Business Awards 2024-2025
CLEVELAND, Nov. 24, 2020 /PRNewswire/ -- West Fraser Timber Company, a leading supplier of lumber and other wood products extensively used in the building and construction market, announced last week that it was acquiring Norbord, the leading global producer of oriented strand board (OSB) and a key supplier of engineered wood products, such as plywood. The transaction, which is expected to be completed in the first quarter of 2021, will create an integrated global wood building products manufacturer with annual sales of about US$6 billion.
According to Freedonia Group industry analyst Matt Zielenski, "This transaction will create a leading supplier of a full range of wood-based building materials. West Fraser is already a key player in the industry due to its leading position in the wood lumber, wood panels, and engineered wood products markets. By acquiring Norbord, West Fraser adds to its extensive wood panel and engineered wood products manufacturing capacity, and, more importantly, expands its portfolio by adding Norbord's OSB product lines. Thus, West Fraser can position itself as the leader supplier of nearly all of the wood products used in construction applications."
More on Ohio Pen
West Fraser will also benefit by becoming a global player in the wood products market. While West Fraser exclusively operates in the US and Canada, Norbord boasts a number of manufacturing centers in Europe, as well as a distribution network in Japan that serves the growing Asian market. These international operations will boost sales as the world recovers from the recession caused by the COVID-19 pandemic.
Noted Zielenski: "The combined company will be well-positioned to succeed as the economy recovers from the COVID-19 pandemic. Sales of lumber and other building materials have remained strong during the recession due to a surge in DIY projects. Going forward, this activity will remain strong, while solid demand for housing will spur building activity and thus drive demand for the products West Fraser supplies – lumber, plywood, OSB used as sheathing, and roof and floor trusses."
For more information on the outlook for lumber and building materials, see the Construction & Building Products page on the Freedonia Group website. Check back in in a week for our new Wood Panels study.
More on Ohio Pen
About The Freedonia Group – The Freedonia Group, a division of MarketResearch.com, is a leading international industrial research company publishing more than 100 studies annually. Since 1985 we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Each study includes product and market analyses and forecasts, in-depth discussions of important industry trends, and market share information. Studies can be purchased at www.freedoniagroup.com and are also available on www.marketresearch.com and www.profound.com.
Press Contact:
Corinne Gangloff
+1 440.842.2400
[email protected]
SOURCE The Freedonia Group
Related Links
http://www.freedoniagroup.com
According to Freedonia Group industry analyst Matt Zielenski, "This transaction will create a leading supplier of a full range of wood-based building materials. West Fraser is already a key player in the industry due to its leading position in the wood lumber, wood panels, and engineered wood products markets. By acquiring Norbord, West Fraser adds to its extensive wood panel and engineered wood products manufacturing capacity, and, more importantly, expands its portfolio by adding Norbord's OSB product lines. Thus, West Fraser can position itself as the leader supplier of nearly all of the wood products used in construction applications."
More on Ohio Pen
- West Dentistry Welcomes New Oral Surgeon to Enhance Patient Care
- The AML Shop Launches New Financial Investigations Unit, Appoints Director to Lead the Initiative
- First Financial Bancorp to Announce Second Quarter 2025 Financial Results on Thursday, July 24, 2025
- Raidium révolutionne le diagnostic de la Sclérose en Plaques en partenariat avec l'Hôpital Fondation Adolphe de Rothschild
- New Podcast "Spreading the Good BUZZ" Hosted by Josh and Heidi Case Launches July 7th with Explosive Global Reach and a Mission to Transform Lives
West Fraser will also benefit by becoming a global player in the wood products market. While West Fraser exclusively operates in the US and Canada, Norbord boasts a number of manufacturing centers in Europe, as well as a distribution network in Japan that serves the growing Asian market. These international operations will boost sales as the world recovers from the recession caused by the COVID-19 pandemic.
Noted Zielenski: "The combined company will be well-positioned to succeed as the economy recovers from the COVID-19 pandemic. Sales of lumber and other building materials have remained strong during the recession due to a surge in DIY projects. Going forward, this activity will remain strong, while solid demand for housing will spur building activity and thus drive demand for the products West Fraser supplies – lumber, plywood, OSB used as sheathing, and roof and floor trusses."
For more information on the outlook for lumber and building materials, see the Construction & Building Products page on the Freedonia Group website. Check back in in a week for our new Wood Panels study.
More on Ohio Pen
- The Herbal Care, Led by Markel Bababekov, Becomes a Top Dispensary in NYC's Upper East Side
- Digital Watchdog Launches New myDW Cloud Services
- Stan Fitzgerald Appointed Acting Press Secretary for Veterans for America First VFAF Georgia State Chapter
- Drone Light Shows Emerge as the New Standard in Live Event Entertainment
- Lore Link is Here to Help Organize Your Game
About The Freedonia Group – The Freedonia Group, a division of MarketResearch.com, is a leading international industrial research company publishing more than 100 studies annually. Since 1985 we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Each study includes product and market analyses and forecasts, in-depth discussions of important industry trends, and market share information. Studies can be purchased at www.freedoniagroup.com and are also available on www.marketresearch.com and www.profound.com.
Press Contact:
Corinne Gangloff
+1 440.842.2400
[email protected]
SOURCE The Freedonia Group
Related Links
http://www.freedoniagroup.com
Filed Under: Business
0 Comments
Latest on Ohio Pen
- Bio-Inspired Technology-Dynamic and Adaptable for unknown real-world environments
- Michael Reafsnyder opens solo exhibition at Scott Richards Contemporary Art in San Francisco
- Valley Sleep Therapy Expands to Prescott with New Location at Crossings Road
- $17.4 Million Total Revenue for First Half of 2025 (up 31.8% YOY) for Global Wet Trades Services Provider with High Value Bitcoin Investments
- $12.8 Million Net Revenue for 2024 for Cloud-Based Crowdsourcing Recruitment and SaaS-Enabled HR Solutions Provider: Baiya International Group Inc
- Nationwide Completes Acquisition of Allstate Employer Stop Loss Business for $1.25 billion
- Hire Virtue Announces Executive Sponsorship Opportunity for Houston Hiring Blitz & Job Fair on August 6, 2025
- Inked & Maxim Model Teisha Mechetti Turns Heads—And Builds Community Impact
- Plan to Launch Silo Technologies' Cybersecurity Pilot Program for Ultimate Nationwide Deployment via Exclusive Partnership: Stock Symbol: BULT
- Robert Michael & Co. Real Estate Team Celebrates Industry Recognition and Showcases Premier Central Florida Listings
- AI-Based Neurotoxin Countermeasure Initiative Launched to Address Emerging National Security Needs: Renovaro, Inc. (N A S D A Q: RENB)
- The Naturist World Just Shifted — NaturismRE Ignites a Global Resurgence
- $796,000 in Q2 Revenue Marks Highest Earnings to Date on 3 Trailing Quarters of Profitability in Multi-Billion Homebuilding Sector: Stock Symbol: IVDN
- Cybersecurity is THE Hot Market Sector; Revenues, Earnings & Profit matter; Only 33 Million Shares + a Huge Short Position Equal an Undervalued Stock
- Despite Global Calls for a Ban, US Child Psychiatry Pushes Electroshock for Kids
- Franco Polished Plaster Celebrates 35 Years of Bringing Walls to Life in the UK
- India's Home Textile Manufacturers See Rising Demand From US Buyers, Enabled By rivexa
- The Crave Gets Crispy: White Castle Debuts New Chicken Slider
- Spartan & Guardians Partner with Guitar Legend Buckethead to Support Global Child Rescue Efforts
- Preliminary.online Introduces Short-Term Job-Readiness Courses with Employer-Verified Certifications