Wawa OSB Inc., a subsidiary of Forex Inc., and LP Build Solutions , a leading maker of high-performance building solutions, have agreed into a formal agreement under which LP will acquire the assets owned by Wawa OSB Inc. A manufacturing site in Wawa, Ontario, will be converted into an LP® SmartSide® Trim & Siding mill as part of the acquisition. The transaction is projected to close in early May 2023, subject to court approval and typical closing conditions.
The mill will add roughly 400 million square feet of capacity if converted, making it LP’s largest single-line siding mill. This increases LP’s overall siding capacity to 2.7 billion square feet per year.
The plant, which was built in the mid-1990s as an OSB mill, is a suitable location for SmartSide production because to its abundant and sustainable aspen wood basket and effective logistics possibilities. The redevelopment of the mill will create more than 150 long-term jobs in the region, which has a long history of manufacturing forest products.
LP is assessing project timelines to determine when the facility’s construction will commence. While a second SmartSide manufacturing line is still planned for LP’s Houlton, Maine factory, construction will begin after the Wawa mill is converted.
LP SmartSide Trim and Siding has been providing clients with unique home siding materials that blend the beauty of traditional wood with the durability of carbon-negative engineered wood for over 20 years.
Louisiana-Pacific Corporation LP Building Solutions, is a global pioneer in high-performance building solutions, producing engineered wood products that satisfy the needs of builders, remodelers, and homeowners. Siding Solutions (LP® SmartSide® Trim & Siding, LP® SmartSide® ExpertFinish® Trim & Siding, LP BuilderSeries® Lap Siding, and LP® Outdoor Building SolutionsTM), LP Structural Solutions (LP® TechShield® Radiant Barrier, LP WeatherLogic® Air & Water Barrier, LP Legacy® Premium Sub-Flooring, LP FlameBlock® Fire-Rated Sheathing, LP NovaCor LP offers industry-leading customer service and warranties in addition to product solutions.
