Georgia-Pacific Corp. has agreed to purchase two Canadian plants from Grant Forest Products Inc. along with two of Grant Forest Products' U.S. facilities in a deal worth about $400 million.
Grant Forest Products has been under bankruptcy protection since last summer.
The four oriented strand board facilities to be purchased are:
“These are world-class facilities that fit strategically with our wood products operations, and we are pleased with this opportunity to grow our OSB business in Canada and the U.S.,” said Mark Luetters, president of Georgia-Pacific Wood Products.
The purchase is subject to regulatory and court approval.