LP Building Solutions, a manufacturer of building products, has bought the assets owned by Wawa OSB Inc., a subsidiary of Forex Inc.
The transaction will add to LP’s assets with a manufacturing facility in Wawa, Ontario, that will be converted into an LP SmartSide Trim & Siding mill. 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.
“In response to customer demand, we continue to expand our capacity across North America to position SmartSide for long-term growth,” comments Jason Ringblom, executive vice president and general manager of siding. “Our acquisition of Forex Inc.’s Wawa facility is a great addition to our fleet of siding mills and perfect example of how we are investing in the future of SmartSide.”