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Pacific Woodtech Corp., Burlington, Wa., has acquired Louisiana-Pacific’s Engineered Wood Products division for $210 million.
Set to close in early August, the deal includes LP’s laminated veneer lumber and I-joist manufacturing facilities in Wilmington, N.C.; Red Bluff, Ca.; and Golden, B.C.; associated timber license assets; and the SolidStart brand.
The acquisition comes as PWT expands its North American engineered wood product offerings while maintaining its reputation as an industry leader in unrivaled customer service and dedication to innovation and quality. PWT looked to LP’s premier building solutions when identifying the ideal product mix—one that meets the evolving needs of the current building market and answers the call for more sustainable building products.
“Adding Golden, Wilmington, and Red Bluff to PWT’s existing EWP business will propel the company into new growth,” said president and CEO Jim Enright. “PWT continues to drive positive change at the cutting edge of engineered wood products, and this acquisition will provide a more streamlined and focused resource for the industry.”
PWT has experienced impressive growth since its inception in 1998, a result of its commitment to innovation and its sole focus on engineered wood products for over 20 years. Today, PWT is the only EWP supplier to offer indoor and outdoor whole-home solutions.
“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,” said LP chair and CEO Brad Southern. “We will work with Pacific Woodtech to ensure a smooth transition for our EWP employees, customers, and suppliers.”