LP Building Solutions to acquire Wawa OSB facility from Forex; expand SmartSide capacity

LOUISIANA-PACIFIC CORP

Definitive agreement to acquire Wawa OSB Inc. assets from Forex for conversion to LP SmartSide siding mill.
Expected close in early May 2023, subject to court approval and customary conditions.
Mill to add ~400M sq ft capacity, making it LP's largest single-line siding mill; total siding capacity to reach 2.7B sq ft.
Conversion to bring over 150 sustainable jobs; aspen wood basket and logistics cited as advantages.
Second SmartSide line at Houlton, ME facility postponed until after Wawa conversion completes.

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