Market Overview

Roseburg and PotlatchDeltic Complete Purchase and Sale of MDF Plant in El Dorado, Ark.


Roseburg Forest Products and PotlatchDeltic Corporation (NASDAQ:PCH)
announced today that they have completed the previously announced
purchase and sale of the assets of PotlatchDeltic subsidiary Del-Tin
Fiber LLC, including its medium density fiberboard (MDF) plant located
in El Dorado, Ark.

This press release features multimedia. View the full release here:

The two companies reached an agreement in principle in December 2018,
dependent upon final due diligence and regulatory approval.

"The El Dorado MDF plant serves as the third point in Roseburg's North
American MDF manufacturing triangle and will play a key role in our
continued expansion into the market," Roseburg President and CEO Grady
Mulbery said. "It is located in a region with a healthy wood basket and
a robust history of wood products manufacturing. El Dorado MDF is
already a profitable operation, and we look forward to seeing what the
plant and its employees will do with further investment under long-term

El Dorado MDF is Roseburg's third MDF plant purchase in the past four
years. The company acquired Pembroke MDF in eastern Ontario, Canada, in
early 2018, and an MDF plant in Medford, Ore., in 2015.

"We believe this deal is a win for all parties. The El Dorado MDF
employees are a dedicated group and Roseburg is a world-class MDF
producer. PotlatchDeltic will give full focus to the two sawmills and
half a million acres of excellent timberland acquired in the 2018 merger
of Potlatch and Deltic," said Mike Covey CEO for PotlatchDeltic.

About Roseburg Forest Products

Founded in 1936, Roseburg Forest Products is a privately owned company
and one of North America's leading producers of particleboard, medium
density fiberboard and thermally fused laminates. Roseburg also
manufactures softwood and hardwood plywood, lumber, LVL and I-joists.
The company owns and sustainably manages more than 600,000 acres of
timberland in Oregon, North Carolina and Virginia, as well as an export
wood chip terminal facility in Coos Bay, Ore. Roseburg products are
shipped throughout North America and the Pacific Rim. To learn more
about the company please visit

About PotlatchDeltic

PotlatchDeltic (NASDAQ:PCH) is a leading Real Estate Investment Trust
(REIT) that owns nearly 2 million acres of timberlands in Alabama,
Arkansas, Idaho, Louisiana, Minnesota and Mississippi. Through its
taxable REIT subsidiary, the company also operates six sawmills, an
industrial-grade plywood mill, a residential and commercial real estate
development business and a rural timberland sales program.
PotlatchDeltic, a leader in sustainable forest practices, is dedicated
to long-term stewardship and sustainable management of its timber
resources. More information can be found at

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