Uniboard Purchases Moncure, NC Facility And Announces New MDF Mill In The US

Moncure, NC (PressExposure) August 12, 2008 -- Uniboard announces today the purchase of ATC Panel's Moncure, North Carolina facility which will now operate as Uniboard USA LLC, Moncure Plant. The particleboard and thermofused melamine (TFM) plant, which employs close to 160 people and produces annually over 156 million square feet (276,000 m³) of particleboard and value added melamine will serve as the base to strengthen current customer relationships and further expand Uniboard's market position in the Southern and Midwestern United States.

With significant plans for expansion, Uniboard will be investing over $120 million in the upcoming year to install on the Moncure site a state-of-the-art medium density and high density fiberboard (MDF/HDF) line.

"This is a significant step in Uniboard's strategic plan to strengthen our leadership in engineered wood panels in Eastern North America and become the supplier of choice with our customers. Our new, optimally-located service point is not only capable of offering raw particleboard but more importantly we will be able to supply furniture makers, kitchen cabinet, store fixture and distribution channels with Uniboard's widely recognized thermofused melamine product offering. With the installation of our MDF/HDF line, we will be in a favorable position to supply our sister Company Pergo, located in Raleigh, and our customers located in the Midwest and Southern US. The acquisition of the Moncure facility is a reflection of Uniboard's long term commitment to our customers, especially on the East Coast and solidifies our offering in laminate flooring through Pergo" commented James Hogg, President and CEO of Uniboard.

Contact: Sue Yannello syannello@919marketing.com (919)557-7890

About 919 Marketing

Uniboard is a leading North American manufacturer of engineered wood products, with installed capacity of over 900 million square feet of raw particleboard, high density and medium density fiber board, of which over 50% is converted into value added melamine and laminated flooring products. Uniboard remains the only producer of laminated flooring products in Canada. Its annual sales exceed $550 million and it employs close to 1,400 employees. Its products are sold to retailers, distributors and finished goods manufacturers, which cater to the kitchen cabinet industry, the furniture industry, the renovation and construction industries, as well as to the floor covering industry. Uniboard is the largest supplier of thermofused melamine panels in North America.

Press Release Source: http://PressExposure.com/PR/919_Marketing.html

Press Release Submitted On: August 01, 2008 at 10:47 am
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