USA - Louisiana-Pacific Corporation (LP), a leading manufacturer of building products, and Forex Inc. have entered into a definitive agreement under which LP will acquire the assets owned by Wawa OSB Inc., a subsidiary of Forex Inc.

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 2023.

"LP SmartSide Trim & Siding has experienced tremendous growth over the past few years, becoming one of the fastest-growing siding brands in the United States," said Executive Vice President and General Manager of Siding Jason Ringblom. "In response to customer demand, we continue to expand our capacity across North America to position SmartSide for long-term growth. 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."

Once converted, the mill will add approximately 37 million square meters of capacity, making it LP's largest single-line siding mill. This will bring LP's total siding capacity to 250 million square meters annually.