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Nashville, Tenn., August 1, 2022 /PRNewswire/ — LP Building Solutions (LP) (NYSE: LPX ) today announced the completion of the previously announced sale of its engineered wood products (EPP) business to Pacific WoodTech. 210 million dollars.
The acquisition includes LP laminated timber and I-joist manufacturing facilities Wilmington, North Carolina; Red Bluff, California; and golden, British Columbia, Canadaassociated timber license properties and SolidStart® Brand name
LP’s financial advisor is UBS Investment Bank. They are LP’s legal advisors. Trauman Pepper and Fasken Martineau Dumoulin LLP.
About LP construction solutions
As a leader in high-performance building solutions, Louisiana-Pacific Corporation (LP Building Solutions, NYSE: LPX) manufactures engineered wood construction products that meet the needs of construction, Developers, and homeowners worldwide. LP’s extensive offerings include innovative and reliable construction products and accessories such as Siding Solutions (LP®). SmartSide® Trim and Siding, LP® SmartSide® Finish the expert® Trim & Siding, L.P BuilderSeries® Lap Siding, and LP Outdoor Building Solutions®), LP Structural Solutions (LP®). TechShield® Radiant Barrier, L.P Weather logic® air and waterproofing, LP Legacy® Premium sub-floor and LP® FlameBlock® fire-rated coating and others), LP® to quality® sub-floor and oriented strand board (OSB). In addition to product solutions, LP offers industry-leading customer service and warranties. In the year Since its founding in 1972, LP has been building a better world™ by helping our customers build beautiful, sustainable homes and creating lasting value for our shareholders. In the headquarters Nashville, TennesseeLP operates 22 plants across the U.S. Canada, ChileAnd Brazil. For more information, visit LPCorp.com.
SOURCE LP Construction Solutions
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