NASHVILLE, Tenn., Aug. 1, 2022 /PRNewswire/ — LP Building Solutions (LP) (NYSE: LPX) today announced that it closed on the previously announced sale of its Engineered Wood Products (EWP) business to Pacific Woodtech for $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, Canadaassociated timber license assets, and the SolidStart® brand.
LP’s financial advisor is UBS Investment Bank. LP’s legal advisors are Troutman Pepper and Fasken Martineau Dumoulin LLP.
About LP Building Solutions
As a leader in high-performance building solutions, Louisiana-Pacific Corporation (LP Building Solutions, NYSE: LPX) manufactures engineered wood building products that meet the demands of builders, remodelers, and homeowners worldwide. LP’s extensive offerings include innovative and dependable building products and accessories, such as Siding Solutions (LP® SmartSide® Trim & Siding, LP® SmartSide® ExpertFinish® Trim & Siding, LP BuilderSeries® 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® TopNotch® Sub-Flooring, and oriented strand board (OSB). In 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 construct beautiful, durable homes while our shareholders build lasting value. Headquartered in Nashville, TennesseeLP operates 22 plants across the US, Canada, Chileand Brazil. For more information, visit LPCorp.com.
SOURCE LP Building Solutions