LP Building Solutions completes sale of its engineered wood products business and SolidStart® brand to Pacific Woodtech
NASHVILLE, Tenn., August 1, 2022 /CNW/ – LP Building Solutions (LP) (NYSE: LPX) today announced the completion of the previously announced sale of its engineered wood products (EWP) business to Pacific Woodtech for $210 million.
The acquisition includes LP’s laminate veneer and I-joist manufacturing facilities in Wilmington, North Carolina; Red Bluff, California; and golden, British Columbia, Canadathe associated timber license assets and the SolidStart® Mark.
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 requirements of builders, renovators, and owners around the world. LP’s extensive offerings include innovative and reliable construction products and accessories, such as Siding Solutions (LP® SmartSide® Trims and coatings, LP® SmartSide® Expert finish® Trims and Coatings, LP ConstructorSeries® Lap Siding and LP Outdoor Building Solutions®), LP Structural Solutions (LP® TechShield® Radiant barrier, LP WeatherLogic® air and water barrier, LP Legacy® Premium and LP® subfloor FlameBlock® and above), LP® Excellent® Subfloor 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 its customers build beautiful, sustainable homes while our shareholders create lasting value. Based at Nashville, TNLP operates 22 factories in the United States, Canada, Chileand Brazil. For more information, visit LPCorp.com.
SOURCE LP Building Solutions
For further information: Investor Contact: Aaron Howald, 615.986.5792, [email protected]; Media contact: Breeanna Straessle, 615.986.5886, [email protected]