Sale of LP’s Engineered Wood Product Line Complete

The previously announced sale of LP Building Solutions’ Engineered Wood Products (EWP) business to Pacific Woodtech for $210 million has been completed.

LP’s laminated veneer lumber and I-joist manufacturing facilities in Wilmington, North Carolina, Red Bluff, California, and Golden, British Columbia, Canada, as well as associated timber license assets and the SolidStart brand, are included in the acquisition.

At the announcement of the sale, LP Chair and CEO Brad Southern stated, “We believe that Pacific Woodtech is well positioned to invest in and grow the SolidStart brand, and its acquisition of LP’s EWP business marks another important step in LP’s ongoing strategic transformation.”