LP Buying International Barrier
(Aug. 14, 2017) Louisiana-Pacific, Nashville, Tn., has agreed to acquire International Barrier Technology, Watkins, Mn., for $22 million.
Barrier, which manufactures the fire retardant coating used in LP FlameBlock fire-rated products, will operate as a wholly owned subsidiary of LP, as part of its OSB business.
LP CEO Brad Southern said the trend for more fire resistance in residential and commercial buildings continues to escalate, driven by changing building codes and their enforcement.
“Over the last seven years we have validated the market acceptance of the FlameBlock brand and demonstrated strong sales growth,” he said. “Flame retardant products are a key development target of our growth and innovation plans.”
The deal, expected to close by the end of the year, is subject to the shareholder and court approval.