On August 1, 2022, LP Building Solutions (LP) closed he previously announced sale of its Engineered Wood Products (EWP) business to Pacific Woodtech for approximately $288 million (US$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.

Blakes served as legal counsel to Pacific Woodtech.

Fasken Martineau DuMoulin LLP and Troutman Pepper served as legal counsel to LP and UBS Investment Bank acted as financial advisor.