Louisiana-Pacific to acquire Forex’s Wawa OSB Facility

Louisiana-Pacific and Forex have entered into a definitive agreement under which LP will acquire the assets owned by Wawa OSB, a subsidiary of Forex . The transaction will add to LP’s assets a manufacturing facility in Wawa, Ontario that will be converted into an LP SmartSide Trim & Siding mill. The transaction, which is subject to court approval and customary closing conditions, is expected to be completed in early May. Once converted, the mill will add approximately 400 million square feet of capacity, making it LP’s largest single-line siding mill. This will bring LP’s total siding capacity to 2.7 billion square feet annually. The mill’s conversion will bring more than 150 jobs to the region. LP is evaluating project schedules to determine when construction at the facility will begin.