Maibec has announced the acquisition of LP’s East River Facility in Nova Scotia, Canada as well as the assets and brand name rights for CanExel® the fiber-based siding product manufactured there. The closing of this transaction is subject to customary closing conditions and is expected to occur in the second quarter of 2020. With this move and the recently announced conversion of LP Roaring River to a strand prefinishing facility, LP’s Siding business will focus exclusively on supporting the high customer demand for its strand-based siding products.
FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.
LP Building Solutions and Maibec Enter Acquisition Agreement for LP’s East River Facility and CanExel® Brand