LP Announces Sale of East River Facility; Converts Production at Roaring River
LP Building Solutions, Nashville, TN, announced yesterday plans to sell its East River, Nova Scotia engineered wood siding facility to Maibec Inc. This follows LP’s recent announcement to convert production at its only other engineered wood siding plant in Roaring River, NC to its strand-based siding products.
The East River sale includes the assets and brand rights for CanExel, the fiber-based siding product manufactured there. The transaction is expected to conclude in the second quarter.
Maibec is a North American prefinished siding company based in Levis, Quebec.