Columbia Forest Products to buy Weyerhaeuser underlayment operation
Portland, Ore. -- Columbia Forest Products, parent company of Columbia Flooring, announced that it plans to purchase the Nipigon Multiply hardwood plywood underlayment operation in Ontario, Canada from Weyerhaeuser Co. Ltd. Terms were not disclosed. Weyerhaeuser's Building Materials organization will maintain a role as an agent for Columbia in selling and distributing Multiply to North American customers.
Multiply is a branded three-ply aspen 1/4-inch plywood used as an underlayment for vinyl, ceramic and laminate flooring. It is considered by many to be a premium name in the underlayment business and holds the second-largest share of the market after lauan.