Uniboard USA LLC, a North American manufacturer of engineered wood products, has entered into an agreement to sell its medium-density fiberboard (MDF) and particleboard facilities located in Moncure, N.C. to a subsidiary of Paneles Arauco S.A.

The Moncure facilities sold to Arauco include particleboard, MDF and TFM production capacity servicing primarily the US South East. Uniboard Canada Inc. will continue to service the Canadian and US market with its full range of products of particleboard, MDF, thermofused melamine including the Uniboard Melamine collection as well as laminate flooring from its mills in Sayabec, Val d'Or, Mont Laurier and Laval.

Arauco will license the Uniboard Melamine collection for sales in the US South East providing a seamless transition for the customer base.

Closing of the transaction is expected in the first quarter 2012 subject to certain terms and conditions.