Louisiana-Pacific Corporation (LP) has acquired Prefinished Staining Product Incorporated (PSPI), a prefinished siding company located in Green Bay, Wisconsin. PSPI has been offering prefinished LP® SmartSide® Trim and Siding for a number of years. PSPI will operate as part of LP’s Siding business.
“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 for 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.
The prefinished Siding market is expected to grow significantly over the next five years. Acquiring PSPI provides LP with the facilities, capability, and expertise to enter this market and drive growth in our Siding business.
PSPI was founded in 1999. It operates in a 40,000 square foot facility located about 10 miles northwest of Green Bay.