Acquisition Agreement of CanExel® by Maibec

27 February 2020

LP BuildingSolutions (LP) (NYSE: LPX) and Maibec today announced a joint agreement for Maibec’s acquisition of LP’s East River facility located in Nova Scotia, Canada as well as the assets and brand rights for CanExel®, the fiber-based siding product manufactured there.

This acquisition is perfectly in line with Maibec marketing strategy to become the North American leader in siding systems by offering a varied range of products to its customers.

The closing of this transaction is subject to customary closing conditions and is expected to occur in the second quarter of 2020.


A press release is available for further information. Download the press release here. 

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