Flakeboard America Limited, a subsidiary of Chile's Celulosa Arauca y Constitucion , has decided to scrap a deal to buy three plants from fiberboard maker SierraPine, citing regulatory opposition, the companies said on Wednesday.



(Reporting by Maria Kiselyova, editing by Elizabeth Piper and)
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(Writing by David Ljunggren, editing by Ed Osmond)
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Department of Justice (DOJ) said that the deal for three SierraPine plants would have pushed up prices of medium-density fiberboard, used in furniture and kitchen cabinets, in California, Oregon and Washington. The Antitrust Division of the U.

(Reporting by Vladimir Soldatkin; Editing by Stephen Powell)
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Sales of kitchen furniture and appliances will be resumed starting Saturday, Dec. Russians, worried about the collapse in the rouble, have rushed to buy durable goods such as cars and electronics before prices rise and their savings devalue as the rouble tumbles. 20," it said in a statement. "IKEA Russia is temporarily stopping sales of kitchen scheirich fine furniture kitchen and bath,homestyle furniture kitchen and wardrobe doors,furniture kitchen and dining wall units sales,nebraska furniture kitchen appliances,furniture kitchen and dining wall units salesforce and appliances due to a large number of customer orders. IKEA, the world's biggest furniture retailer, said on Thursday it had temporarily stopped sales of kitchen furniture and appliances because it could not meet increased demand. The company said earlier it would begin raising prices in the country due to the recent sharp fall in the rouble.

(Reporting by Diane Bartz, editing by G Crosse) The deal, which was announced in January, had been valued at $107 million, the companies said at the time. The department said that Flakeboard and SierraPine were two of four significant suppliers of the fiberboard on the U. The deal for the three plants would have given Flakeboard a 58 percent market share for some grades of the fiberboard on the West Coast, the DOJ said. Two of the plants were in Oregon and the third in California.