Maibec Completes Acquisition of CanExel Brand and Production Facility from LP

Maibec® has announced that its acquisition of the CanExel® brand and production facility located in East River, Novia Scotia, which started in late February 2020 is now complete.  Both the brand and the facility have been owned by LP Building Solutions (LP) for over 20 years. In prepared remarks, Maibec Chief Executive Office Patrick Labonté. said, “It’s a well-known and proven brand that has been around for over fifty years, and its East River team is excited to join ours. Together we will develop complementary product lines that will make Maibec CanExel a complete exterior siding system that meets the needs of both existing and new markets.” In the U.S. CanExel will be sold under the name Maibec CanExel™.