Pacific Woodtech (PWT) Acquires Louisiana-Pacific Corporation's EWP (I-Joist and LVL) Division

Pacific Woodtech Acquires Louisiana-Pacific Corporation's EWP (I-Joist and LVL) Division

BURLINGTON, WASHINGTON, UNITED STATES, June 21, 2022 /EINPresswire.com/ -- Burlington, Washington - June 21, 2022 – Burlington, Washington-based Pacific Woodtech is excited to announce the acquisition of the prestigious Louisiana-Pacific Corporation’s EWP (I-Joist and LVL) division. The acquisition includes LP’s laminated veneer lumber and I-Joist manufacturing facilities in Wilmington, North Carolina; Red Bluff, California; and Golden, British Columbia, associated timber license assets, and the SolidStart® brand.
The two companies have worked diligently to establish contract terms that

recognize the value and strengths of their employees and customers, and the sale is targeted to close in early August. The acquisition comes as PWT expands its North American engineered wood product offerings while maintaining its reputation as an industry leader in unrivaled customer service and dedication to innovation and quality. PWT looked to LP’s premier building solutions when identifying the ideal product mix — one that meets the evolving needs of the current building market and answers the call for more sustainable building products.

“Adding Golden, Wilmington, and Red Bluff to PWT’s existing EWP business will propel the company into new growth,” said president and CEO Jim Enright. “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.”

PWT has experienced impressive growth in the industry since its inception in 1998, a result of its commitment to innovation and its sole focus on engineered wood products for over twenty years. Today, PWT is the only EWP supplier to offer indoor and outdoor whole home solutions. Customers rely on the quality and reliability of the company’s engineered wood knowing they can count on superior products across the entire line. This trust is backed by application expertise and distinguished customer service. PWT has always been a future-focused organization with environmental stewardship and sustainability woven into its company DNA – all raw materials are sourced from sustainably harvested timberlands.

“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 Chief Executive Officer Brad Southern. “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.”