Pacific Woodtech completed the acquisition of the engineered wood products business of Louisiana-Pacific for $210m.

Pacific Woodtech, one of the world's top producers of engineered wood products, completed the acquisition the engineered wood products business of Louisiana-Pacific, an American building materials manufacturer, for $210m. "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. We will work with Pacific Woodtech to ensure a smooth transition for our EWP employees, customers, and suppliers. I want to express my sincere thanks to the entire EWP team for their patience and professionalism throughout this process. I wish them all the best moving forward," Brad Southern, LP Chair and CEO.