LP Building Solutions (LP) today (6-22-22) announced an agreement with Pacific Woodtech to acquire LP’s engineered wood products (EWP) business for $210 million. The acquisition includes LP’s laminated veneer lumber and I-joist manufacturing facilities in Wilmington, North Carolina; Red Bluff, California; and Golden, British Columbia, Canada, associated timber license assets, and the SolidStart® brand.
The completion of this transaction is subject to customary closing conditions and regulatory reviews and is expected to occur in the third quarter of 2022.
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LP Building Solutions and Pacific Woodtech Enter Acquisition Agreement for LP's Engineered Wood Products Business and SolidStart® Brand