What does NBD mean in TORONTO STOCK EXCHANGE
NBD is the abbreviation for Norbord Incorporated. Founded in 1964, Norbord Incorporated was a publicly traded global wood-based products manufacturer with its headquarters located in Toronto, Canada. Throughout its history, Norbord Incorporated had operations throughout North America as well as Europe and Australia. One of their primary products were Osb (oriented strand board) panels which have many different applications including roof decking, flooring and wall and roof sheathing. Although it has since been de-listed, NBD remains an important representative of the wood-based products manufacturing industry.
NBD meaning in Toronto Stock Exchange in Business
NBD mostly used in an acronym Toronto Stock Exchange in Category Business that means Norbord Incorporated (de-listed)
Shorthand: NBD,
Full Form: Norbord Incorporated (de-listed)
For more information of "Norbord Incorporated (de-listed)", see the section below.
History
Norbord Incorporated began as a small company operating three plants in Canada until the early 2000s when they decided to expand their presence globally by acquiring some businesses abroad along with spinning off other business units that no longer fit into their core operation. By 2008 they had become one of the leading manufacturers of wood based products with operations across North America, Europe and Australia. They sold a variety of products including plywood, oriented strand board (OSB) panels, engineered wood siding panels and engineered lumber products. They also had their own patented product named Aspenite which was used for roofing and siding materials.
Decline & De-listing
Unfortunately by 2014 Norbord found itself facing financial difficulty due to several factors such as low demand for OSB panels along with high levels of debt from acquisitions made earlier in its history. In 2015 this forced Norbord to enter into agreement with creditors resulting in equity holders having 86% of their shares cancelled along with long term debt being converted into equity taking only 14% remaining equity holders shares intact. This led to NBD’s de-listing from the Toronto Stock Exchange however it still remains an important representative within the Canadian industry.
Essential Questions and Answers on Norbord Incorporated (de-listed) in "BUSINESS»TSX"
What is Norbord Incorporated?
Norbord Incorporated was a Canadian wood-based panel manufacturer and distributor, specializing in the production of OSB, plywood, and other wood-based panels. The company was founded in 1979 and de-listed in September 2020.
Where Was Norbord Incorporated Located?
Norbord Incorporated had a head office located in Toronto, Ontario and operations located across North America.
What Products Did Norbord Incorporated Manufacture?
Norbord Incorporated manufactured Oriented Strand Board (OSB) as well as MDF and Plywood products.
When Was Norbord Incorporated De-Listed?
Norbord Incorporated delisted from the Toronto Stock Exchange on 29 September 2020.
Who Owned Norbord Incorporated Before It Was De-Listed?
Prior to being delisted, Norbord Incorpated’s shareholder base was comprised primarily of institutional investors such as hedge funds and registered investment companies.
What Happened to the Stock Ownership When it Was Delisted?
Upon delisting, shareholders were able to convert their shares into cash via credible third parties who provided this service at the time.
How Many Employees Did Norbord Have Before Delisting?
Prior to delisting,Norbord employed approximately 3,500 people globally across its various operations.
What is the Current Status of the Company After It Was De-Listed?
Following its delisting from the Toronto Stock Exchange in September 2020, the current status of the company is unknown.
Final Words:
NBD is an acronym for Norbord Incorporated which was once a globally recognized manufacturer of multiple wood based products such as plywood, OSB panels and engineered lumber until it eventually faced financial difficulty resulting in it being de-listed from the Toronto Stock Exchange in 2015 while still maintaining operations today. NBD retains great importance to those who remember them at their height during mid 2000s but most importantly stands as a representation within one of Canada’s most iconic industries - the production of lumber and wood based materials.
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