Aligns with company strategy to grow LP® SmartSide® products through innovative building solutions
NASHVILLE, Tenn. (October 8, 2019) – Louisiana-Pacific Corporation (LP, NYSE: LPX) announced today that it has acquired the prefinishing assets at a Granite City, Ill., prefinish facility near St. Louis owned by BlueLinx.
“The prefinish Siding market continues to grow, and we aim to capture more of that growth in our siding business,” said Neil Sherman, LP Executive Vice President for Siding. “In addition to acquiring these new assets, we are also investing in building LP SmartSide strand prefinishing capabilities at our siding facility in Roaring River, N.C. These moves, along with the earlier purchase of a prefinishing company in Green Bay, Wis., will provide us with the facilities, capabilities and expertise to grow this market.”
This aligns with LP’s business strategy to provide building solutions and is a significant step toward its goal of launching a national LP® SmartSide® Trim & Siding branded prefinished siding solution.