Nashville, Tenn., August 1, 2022 /PRNewswire/ — LP Building Solutions (LP) (NYSE:LPX) today announced that it has closed the previously announced sale of its Engineered Wood Products (EWP) business to Pacific Woodtech. $210 million,
The acquisition includes LP’s laminated veneer lumber and i-joist manufacturing facilities Wilmington, North Carolina, Red Bluff, California, and golden, British Columbia, CanadaAffiliated Timber License Assets, and Solidstart brand.
The financial advisor to the LP is UBS Investment Bank. LP’s legal advisor Troutman Pepper and Fascan Martino Dumoulin LLP.
About LP Building Solutions
Louisiana-Pacific Corporation (LP Building Solutions, NYSE:) as a leader in high performance construction solutions: lpxManufactures engineered wood construction products that meet the demands of builders, remodelers, and home owners around the world. LP’s extensive offering includes innovative and reliable construction products and accessories such as Siding Solutions (LP®.) smartside® Trim and Siding, LP® smartside expertfinish® Trim & Siding, LP builder chain® Lap Siding, and LP Outdoor Building Solutions®), LP Structural Solutions (LP®.) techshield® Radiant Barrier, LP weatherlogic® Air & Water Barrier, LP Legacy® Premium Sub-Flooring, and LP® flameblock® fire-rated sheathing and more), LP® Top® Sub-Flooring and Oriented Strand Board (OSBIn addition to product solutions, LP provides industry-leading customer service and warranties. Since its founding in 1972, LP has been building a better world by helping customers build beautiful, sustainable homes, while our shareholders create lasting value. the headquarters Nashville, TennesseeLP operates 22 plants across the US, Canada, ChileAnd Brazil, visit for more information LPCorp.com,
Source LP Building Solutions