LP acquires PSPI
Louisiana-Pacific Corporation (LP) has acquired Prefinished Staining Product Incorporated (PSPI), a prefinished siding company located in Green Bay, Wis.
PSPI has been offering prefinished LP SmartSide Trim and Siding for a number of years.
“This acquisition will help us continue to grow our siding business and increase market penetration in the segments we serve,” said Neil Sherman, LP executive vice president of siding. “This is an important part of our strategy as we transform into a leading building solutions provider.”
“In addition, LP will continue to utilize our existing prefinished providers and partner to help grow their business as well as the LP SmartSide brand,” Sherman added.
LP said that acquiring PSPI provides the building products manufacturer with the facilities, capability, and expertise to enter the market and drive growth in its siding business. PSPI will operate as part of LP’s siding business. Terms of the deal were not disclosed.
PSPI was founded in 1999 and operates in a 40,000-square-foot facility located about 10 miles northwest of Green Bay.
The acquisition is another aspect of the Nashville, Tenn.-based company’s new business philosophy of being a building solutions provider as opposed to just a manufacturer.
“LP Building Solutions is focused on developing building solutions for a market that continues to face the challenge of labor shortages,” Sherman said.
PSPI has been offering prefinished LP SmartSide Trim and Siding for a number of years.
“This acquisition will help us continue to grow our siding business and increase market penetration in the segments we serve,” said Neil Sherman, LP executive vice president of siding. “This is an important part of our strategy as we transform into a leading building solutions provider.”
“In addition, LP will continue to utilize our existing prefinished providers and partner to help grow their business as well as the LP SmartSide brand,” Sherman added.
LP said that acquiring PSPI provides the building products manufacturer with the facilities, capability, and expertise to enter the market and drive growth in its siding business. PSPI will operate as part of LP’s siding business. Terms of the deal were not disclosed.
PSPI was founded in 1999 and operates in a 40,000-square-foot facility located about 10 miles northwest of Green Bay.
The acquisition is another aspect of the Nashville, Tenn.-based company’s new business philosophy of being a building solutions provider as opposed to just a manufacturer.
“LP Building Solutions is focused on developing building solutions for a market that continues to face the challenge of labor shortages,” Sherman said.