Pacific Woodtech (PWT) acquired Louisiana-Pacific Corporation’s Engineered Wood Products (EWP) division, which includes I-Joist and laminated veneer lumber manufacturing. The acquisition includes LP’s LVL and I-Joist manufacturing facilities in Wilmington, N.C.; Red Bluff, Calif.; and Golden, British Columbia, associated timber license assets, and the SolidStart brand.
“Adding Golden, Wilmington, and Red Bluff to PWT’s existing EWP business will propel the company into new growth,” PWT president and CEO Jim Enright said in a news release. “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. We are working hard to make this a seamless transition, one that allows for the retention and care of current employees and clients and strengthens PWT’s position as a leading force in the EWP market going forward.”
Washington-based PWT was founded in 1998 and supplies EWP for both indoor and outdoor whole home solutions. The sale is targeted to close in early August, according to PWT.
“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.”
