Mergers & Acquisitions
June 22, 2022
Even More M&A
LP Building Solutions and Pacific Woodtech Enter Acquisition Agreement for LP’s Engineered Wood Products Business and SolidStart® Brand
Tue, June 21, 2022 at 6:00 PM·3 min readIn this article:
NASHVILLE, Tenn., June 21, 2022 /CNW/ — LP Building Solutions (LP) (NYSE: LPX) today announced an agreement with Pacific Woodtech to acquire LP’s Engineered Wood Products (EWP) business for $210 million. The acquisition includes LP’s laminated veneer lumber and I-joist manufacturing facilities in Wilmington, North Carolina; Red Bluff, California; and Golden, British Columbia, Canada, associated timber license assets, and the SolidStart® brand. The completion of this transaction is subject to customary closing conditions and regulatory reviews and is expected to occur in the third quarter of 2022.
Pacific Woodtech’s acquisition of LP’s EWP business marks another important step in our ongoing strategic transformation
“We believe that Pacific Woodtech is well positioned to invest in and grow the SolidStart brand, and its acquisition of LP’s EWP business marks another important step in LP’s ongoing strategic transformation,” said LP Chair and Chief Executive Officer Brad Southern. “We will work with Pacific Woodtech to ensure a smooth transition for our EWP employees, customers, and suppliers. I want to express my sincere thanks to the entire EWP team for their patience and professionalism throughout this process. I wish them all the best moving forward.”
“Adding the EWP facilities in Golden, Wilmington, and Red Bluff to Pacific Woodtech’s existing EWP business propels our company to new growth,” said Pacific Woodtech President and Chief Executive Officer Jim Enright. “We aim to drive positive change at the cutting edge of engineered wood products, and this acquisition will provide a more streamlined and focused EWP resource for the industry. We are committed to making this a seamless transition, one that allows for the retention and care of current employees, clients, and suppliers and strengthens our position as a leading force in the EWP market going forward.”
LP’s financial adviser is UBS Investment Bank. LP’s legal advisers are Troutman Pepper and Fasken Martineau DuMoulin LLP.
About LP Building Solutions
As a leader in high-performance building solutions, Louisiana-Pacific Corporation (LP Building Solutions, NYSE: LPX) manufactures engineered wood building products that meet the demands of builders, remodelers, and homeowners worldwide. LP’s extensive offerings include innovative and dependable building products and accessories, such as siding solutions (LP® SmartSide® Trim & Siding, LP® SmartSide® ExpertFinish® Trim & Siding, LP BuilderSeries® Lap Siding, and LP® Outdoor Building Solutions®), LP Structural Solutions (LP® TechShield® Radiant Barrier, LP WeatherLogic® Air & Water Barrier, LP Legacy® Premium Sub-Flooring, and LP® FlameBlock® Fire-Rated Sheathing, LP NovaCore™ Thermal Insulated Sheathing, and more), LP® TopNotch® Sub-Flooring, and oriented strand board (OSB). In addition to product solutions, LP provides industry-leading customer service and warranties. Since its founding in 1972, LP has been Building a Better World™ by helping customers construct beautiful, durable homes while our shareholders build lasting value. Headquartered in Nashville, Tennessee, LP operates 25 plants across the U.S., Canada, Chile, and Brazil. For more information, visit LPCorp.com.
https://finance.yahoo.com/news/lp-building-solutions-pacific-woodtech-220000347.html
June 22, 2022
Even More M&A
LP Building Solutions and Pacific Woodtech Enter Acquisition Agreement for LP’s Engineered Wood Products Business and SolidStart® Brand
Tue, June 21, 2022 at 6:00 PM·3 min readIn this article:
NASHVILLE, Tenn., June 21, 2022 /CNW/ — LP Building Solutions (LP) (NYSE: LPX) today announced an agreement with Pacific Woodtech to acquire LP’s Engineered Wood Products (EWP) business for $210 million. The acquisition includes LP’s laminated veneer lumber and I-joist manufacturing facilities in Wilmington, North Carolina; Red Bluff, California; and Golden, British Columbia, Canada, associated timber license assets, and the SolidStart® brand. The completion of this transaction is subject to customary closing conditions and regulatory reviews and is expected to occur in the third quarter of 2022.
Pacific Woodtech’s acquisition of LP’s EWP business marks another important step in our ongoing strategic transformation
“We believe that Pacific Woodtech is well positioned to invest in and grow the SolidStart brand, and its acquisition of LP’s EWP business marks another important step in LP’s ongoing strategic transformation,” said LP Chair and Chief Executive Officer Brad Southern. “We will work with Pacific Woodtech to ensure a smooth transition for our EWP employees, customers, and suppliers. I want to express my sincere thanks to the entire EWP team for their patience and professionalism throughout this process. I wish them all the best moving forward.”
“Adding the EWP facilities in Golden, Wilmington, and Red Bluff to Pacific Woodtech’s existing EWP business propels our company to new growth,” said Pacific Woodtech President and Chief Executive Officer Jim Enright. “We aim to drive positive change at the cutting edge of engineered wood products, and this acquisition will provide a more streamlined and focused EWP resource for the industry. We are committed to making this a seamless transition, one that allows for the retention and care of current employees, clients, and suppliers and strengthens our position as a leading force in the EWP market going forward.”
LP’s financial adviser is UBS Investment Bank. LP’s legal advisers are Troutman Pepper and Fasken Martineau DuMoulin LLP.
About LP Building Solutions
As a leader in high-performance building solutions, Louisiana-Pacific Corporation (LP Building Solutions, NYSE: LPX) manufactures engineered wood building products that meet the demands of builders, remodelers, and homeowners worldwide. LP’s extensive offerings include innovative and dependable building products and accessories, such as siding solutions (LP® SmartSide® Trim & Siding, LP® SmartSide® ExpertFinish® Trim & Siding, LP BuilderSeries® Lap Siding, and LP® Outdoor Building Solutions®), LP Structural Solutions (LP® TechShield® Radiant Barrier, LP WeatherLogic® Air & Water Barrier, LP Legacy® Premium Sub-Flooring, and LP® FlameBlock® Fire-Rated Sheathing, LP NovaCore™ Thermal Insulated Sheathing, and more), LP® TopNotch® Sub-Flooring, and oriented strand board (OSB). In addition to product solutions, LP provides industry-leading customer service and warranties. Since its founding in 1972, LP has been Building a Better World™ by helping customers construct beautiful, durable homes while our shareholders build lasting value. Headquartered in Nashville, Tennessee, LP operates 25 plants across the U.S., Canada, Chile, and Brazil. For more information, visit LPCorp.com.
https://finance.yahoo.com/news/lp-building-solutions-pacific-woodtech-220000347.html
June 22, 2022
Firestone Parent Acquires SES Foam
Holcim to acquire SES roofing and insulation business
EQS Group Jun. 22, 2022, 03:04 AM
| Holcim Group Services Ltd / Key word(s): Acquisition Holcim to acquire SES roofing and insulation business 22.06.2022 / 09:04 Acquisition to expand Holcims roofing and insulation business Proven double-digit growth engine in the highly profitable US spray foam insulation market Annual sales of USD 200 million for 2022 Highly regarded brand for sustainable new builds and green retrofitting projects Accelerates Holcims growth in Solutions & Products in the US Holcim has entered into an agreement to acquire SES Foam LLC, the biggest independent spray foam insulation company in the US with 2022 (est.) Net Sales of USD 200 million. SES has a track record of double-digit growth, with advanced energy-efficiency and bio-based solutions for new and green retrofitting projects. This transaction adds to Holcims recent acquisitions, from Firestone Building Products to Malarkey, taking its Proforma 2022 Net Sales in roofing and insulation business to USD 3.5 billion. Jamie Gentoso, Head Solutions & Products: This is another exciting step in the expansion of Solutions & Products, advancing our Strategy 2025 Accelerating Green Growth. SES has a proven track record of growth and innovation in thermal insulation with a focus on more sustainable solutions, making them highly complementary to our roofing and insulation business. “We look forward to warmly welcoming all SES employees into Holcim and to invest in our next era of growth together, with a continued focus on innovation and sustainability. Holcims commitment to innovation, superior execution and global resources provide an attractive platform from which to continue to deliver profitable growth”, said Charles Valentine, Chief Executive Officer and President of SES. “We are excited about our future together.” Founded in 2009 and based in Spring, Texas, SES has a history of innovation with solutions like SucraSeal®, the first sucrose-based spray foam insulation to be certified by the US Department of Agriculture for its high bio-based content. SES offers superior products that improve buildings energy-efficiency and thermal comfort, while lowering their carbon footprint. The company stands out for its value-added services to contractors, including onsite technical instruction, business consulting, branding and lead generation support. This acquisition advances Holcims Strategy 2025 Accelerating Green Growth with the goal to expand its Solutions & Products business to 30% of Group Net Sales by 2025. It expands Holcims reach in the attractive insulation, as well as repair and refurbishment markets. About Holcim Holcim builds progress for people and the planet. As a global leader in innovative and sustainable building solutions, Holcim is enabling greener cities, smarter infrastructure and improving living standards around the world. With sustainability at the core of its strategy Holcim is becoming a net zero company, with its people and communities at the heart of its success. The company is driving circular construction as a world leader in recycling to build more with less. Holcim is the company behind some of the worlds most trusted brands in the building sector including ACC, Aggregate Industries, Ambuja Cement, Disensa, Geocycle, Holcim, Lafarge and Malarkey Roofing Products. Holcim is 70,000 people around the world who are passionate about building progress for people and the planet through four business segments: Cement, Ready-Mix Concrete, Aggregates and Solutions & Products. Learn more about Holcim on www.holcim.com, and by following us on LinkedIn and Twitter. |
June 22, 2022
Firestone Parent Acquires SES Foam
Holcim to acquire SES roofing and insulation business
EQS Group Jun. 22, 2022, 03:04 AM
| Holcim Group Services Ltd / Key word(s): Acquisition Holcim to acquire SES roofing and insulation business 22.06.2022 / 09:04 Acquisition to expand Holcims roofing and insulation business Proven double-digit growth engine in the highly profitable US spray foam insulation market Annual sales of USD 200 million for 2022 Highly regarded brand for sustainable new builds and green retrofitting projects Accelerates Holcims growth in Solutions & Products in the US Holcim has entered into an agreement to acquire SES Foam LLC, the biggest independent spray foam insulation company in the US with 2022 (est.) Net Sales of USD 200 million. SES has a track record of double-digit growth, with advanced energy-efficiency and bio-based solutions for new and green retrofitting projects. This transaction adds to Holcims recent acquisitions, from Firestone Building Products to Malarkey, taking its Proforma 2022 Net Sales in roofing and insulation business to USD 3.5 billion. Jamie Gentoso, Head Solutions & Products: This is another exciting step in the expansion of Solutions & Products, advancing our Strategy 2025 Accelerating Green Growth. SES has a proven track record of growth and innovation in thermal insulation with a focus on more sustainable solutions, making them highly complementary to our roofing and insulation business. “We look forward to warmly welcoming all SES employees into Holcim and to invest in our next era of growth together, with a continued focus on innovation and sustainability. Holcims commitment to innovation, superior execution and global resources provide an attractive platform from which to continue to deliver profitable growth”, said Charles Valentine, Chief Executive Officer and President of SES. “We are excited about our future together.” Founded in 2009 and based in Spring, Texas, SES has a history of innovation with solutions like SucraSeal®, the first sucrose-based spray foam insulation to be certified by the US Department of Agriculture for its high bio-based content. SES offers superior products that improve buildings energy-efficiency and thermal comfort, while lowering their carbon footprint. The company stands out for its value-added services to contractors, including onsite technical instruction, business consulting, branding and lead generation support. This acquisition advances Holcims Strategy 2025 Accelerating Green Growth with the goal to expand its Solutions & Products business to 30% of Group Net Sales by 2025. It expands Holcims reach in the attractive insulation, as well as repair and refurbishment markets. About Holcim Holcim builds progress for people and the planet. As a global leader in innovative and sustainable building solutions, Holcim is enabling greener cities, smarter infrastructure and improving living standards around the world. With sustainability at the core of its strategy Holcim is becoming a net zero company, with its people and communities at the heart of its success. The company is driving circular construction as a world leader in recycling to build more with less. Holcim is the company behind some of the worlds most trusted brands in the building sector including ACC, Aggregate Industries, Ambuja Cement, Disensa, Geocycle, Holcim, Lafarge and Malarkey Roofing Products. Holcim is 70,000 people around the world who are passionate about building progress for people and the planet through four business segments: Cement, Ready-Mix Concrete, Aggregates and Solutions & Products. Learn more about Holcim on www.holcim.com, and by following us on LinkedIn and Twitter. |
June 7, 2022
Azelis M&A Focus
Azelis Strengthens Executive Leadership to Support Group’s Growth Strategy
June 7, 2022 by admin
ANTWERP, Belgium–(WORK TEL)–Regulatory Information:
Azelis (Brussels:AZE), a number one world innovation providers supplier within the specialty chemical substances and meals elements business, introduced the appointment of Laurent Nataf as Head of Mergers and Acquisitions (M&A), a brand new strategic perform on the group’s Government Committee. Sertaç Sürür, who was appointed as the brand new CEO and President of Azelis Asia Pacific, joined the Government Committee in his new place, growing the manager management of Azelis to 6 members.
As a part of Azelis’ technique to speed up development, Laurent Nataf, at the moment the CEO and President of Azelis Asia Pacific, will assume the function of Chief M&A Officer efficient September 1, 2022. The creation of this new function on the Government Committee displays the continued significance of the Group’s M&A program to enhance its natural development growth in strengthening its footprint and market management. Laurent will additional develop and drive Azelis’ world M&A method consistent with the group’s bold development plans and also will oversee post-acquisition integration applications. Laurent will leverage his management abilities and enterprise growth expertise by main the acquisition of 17 firms for Azelis in Asia Pacific. Below Laurent’s management, the group’s Asia Pacific enterprise grew from 8% to over 15% of group income, increasing Azelis’ footprint to incorporate 12 nations within the area.
Sertaç Sürür, who’s at the moment the Common Supervisor of Azelis Turkey, will take over the management of the Asia Pacific area from Laurent Nataf. Since becoming a member of in 2015, Sertaç has taken on numerous native and regional management roles, driving the group’s Turkey enterprise to develop into a number one specialty chemical substances distributor within the home market, rising from 2% to roughly 6% of Azelis’ EMEA income. Previous to becoming a member of Azelis, Sertaç held numerous business and administration management positions at world industrial and chemical distribution and manufacturing firms, together with DSM and Ravago.
Laurent and Sertaç, as members of the Government Board, will report back to the Group CEO,Dr. Hans Joachim Muller. They may quickly start to transition into their new roles to make sure a easy and seamless handover.
Dennis Verhaert, present Group M&A Director, will tackle a brand new function at Azelis, particulars of which shall be introduced quickly.
Azelis CEO Dr. Remark by Hans Joachim Müller:
“I’m happy to announce to the management of the group these strategic appointments that mark the following stage in our evolution to develop into the reference innovation service supplier within the specialty chemical substances and meals elements distribution market. Including M&A performance to the Government Committee is a logical step given our technique to enhance natural development with acquisitions to strengthen our facet worth chain and world footprint.
I wish to thank Dennis for his contribution to the event of a powerful M&A group that has supported the group’s speedy development over the previous 4 years. Laurent and Sertaç have a formidable monitor document of growing enterprise for the group and I’ve full confidence that they are going to proceed to efficiently fulfill their new roles.”
About Azelles
Azelis is a number one world innovation service supplier within the specialty chemical substances and meals elements business, with greater than 3,000 staff positioned in additional than 50 nations worldwide. Every of our educated groups of business, market and technical specialists is devoted to a selected market inside Life Sciences and Industrial Chemical compounds. We provide greater than 51,000 prospects a lateral complementary product worth chain, backed by roughly 2,300 key relationships, producing turnover of €2.8 billion (2021). Azelis Group NV is listed on Euronext Brussels with the code AZE.
Throughout our intensive community of greater than 60 software labs, our award-winning workers help within the growth of formulations and supply technical steerage for purchasers all through the product growth course of. We mix a world market attain with an area footprint to offer a dependable, built-in and distinctive digital service to native prospects and enticing job alternatives for principals. With an EcoVadis Platinum ranking, Azelis is a frontrunner in sustainability. We imagine in establishing and nurturing stable, sincere and clear relationships with our staff and companions.
Affect via concepts. Innovation via formulation.
www.azelis.com
https://webringnet.com/azelis-strengthens-executive-leadership-to-support-groups-growth-strategy/
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