Norbord and Ainsworth to merge

TORONTO & VANCOUVER — Norbord Inc. and Ainsworth Lumber Co. Ltd. have announced a merger that will create one giant OSB maker with presence in North America, Europe, and Asia. Under the terms of the agreement, Norbord will acquire all of the outstanding common shares of Ainsworth in an all-share transaction valued at $762.6 million.

This transaction combines Norbord’s large mill network with Ainsworth’s innovation in value-added strand-based engineered wood products. With total OSB capacity of approximately 7.7 billion square feet, the combined company says it will be the largest in the global OSB industry.