LP completes sale of Engineered Wood Products business to Pacific Woodtech for $210M cash

LOUISIANA-PACIFIC CORP

Sold EWP business including LVL and I-joist plants in Wilmington, NC; Red Bluff, CA; Golden, BC; and SolidStart brand.
Purchase price $210M in cash, subject to post-closing adjustments; deal closed August 1, 2022.
LP entered into an eight-month transition services agreement with Pacific Woodtech.
UBS acted as financial adviser; legal advisers: Troutman Pepper and Fasken Martineau.

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