LP Eyes Masisa Brazil Assets

LP Eyes Masisa Brazil Assets

Brazil

Louisiana-Pacific has signed an MOU with Chile's Masisa to acquire a 75% stake in oriented strand board (OSB) manufacturing assets located in Ponta Grossa, Brazil. The assets were put in service in 2003 and have an annual production capacity of 375m square feet. The MOU contains mechanisms for LP ultimately owning all of the target. "The Brazilian assets will help us continue to satisfy the growing need for structural panels in South America to support much needed affordable housing in the regio

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