Weyerhaeuser sells composite panels business
Weyerhaeuser has sold its North American composite panels business to Flakeboard America Ltd.In the deal, Flakeboard America has acquired five mills which produce MDF or chipboard and have the capacity to produce a total of 1.1 billion ft2 a year.Flakeboard America is a US subsidiary of Flakeboard Company Ltd.Meanwhile, Weyerhaeuser Company and the Weyerhaeuser Company Foundation have pledged US$1m to The Nature Conservancy, offering to support a range of forest conservation and biodiversity projects in both the north-west and south-east.