Pacific Woodtech’s Acquisition of Engineered Wood Products Business of Louisiana-Pacific Corporation

Cleary Gottlieb represented Pacific Woodtech Corporation in the transaction.

Pacific Woodtech Corporation executed its acquisition of the engineered wood products business of Louisiana-Pacific Corporation. The transaction signed on June 21, 2022. The completion of the transaction is subject to customary closing conditions and regulatory reviews and is expected to occur in the third quarter of 2022.

Pacific Woodtech Corporation was founded in 1998 and is a major producer of laminated veneer lumber and I-joists in the western United States. Louisiana-Pacific’s engineered wood products business specializes in manufacturing I-joists, LVL, and other related products, including plywood, and is one of the top three manufacturers of I-joists and LVL in North America.

The Cleary M&A team included partner Aaron Meyers (Picture) and associates Timothy Saviola, Grace Gao, Nicholas Richards, and Jess Batlle Welling. Partner Michael Albano and associates Desta Hailu and Julia Brownstein advised on employee benefits matters. Partner Diana Wollman and associates Benjamin Hanson and Jesse Hong advised on tax matters. Counsel Beau Sterling and associate Madison Bush advised on environmental matters. Partner Daniel Ilan, senior attorney Brendan Cohen, and associates Jaehwan Park and Christine D’Alessandro advised on intellectual property matters. Partner Joseph Lanzkron, associate Richard Goldring, and senior real estate staff attorney David Groman advised on real estate matters. Senior attorney Jim Corsiglia advised on anticorruption matters. Partner Jeremy Calsyn and associate Bethlehem Mebratu advised on antitrust matters.

Involved fees earner: Michael Albano – Cleary Gottlieb Steen & Hamilton; Jessica Batlle Welling – Cleary Gottlieb Steen & Hamilton; Julia Brownstein – Cleary Gottlieb Steen & Hamilton; Madison Bush – Cleary Gottlieb Steen & Hamilton; Jeremy Calsyn – Cleary Gottlieb Steen & Hamilton; Brendan Cohen – Cleary Gottlieb Steen & Hamilton; James Corsiglia – Cleary Gottlieb Steen & Hamilton; Christine D’Alessandro – Cleary Gottlieb Steen & Hamilton; Grace Gao – Cleary Gottlieb Steen & Hamilton; Richard Goldring – Cleary Gottlieb Steen & Hamilton; David Groman – Cleary Gottlieb Steen & Hamilton; Desta Hailu – Cleary Gottlieb Steen & Hamilton; Benjamin Hanson – Cleary Gottlieb Steen & Hamilton; Jesse Hong – Cleary Gottlieb Steen & Hamilton; Daniel Ilan – Cleary Gottlieb Steen & Hamilton; Joseph Lanzkron – Cleary Gottlieb Steen & Hamilton; Bethlehem Mebratu – Cleary Gottlieb Steen & Hamilton; Aaron Meyers – Cleary Gottlieb Steen & Hamilton; Jaehwan Park – Cleary Gottlieb Steen & Hamilton; Timothy Saviola – Cleary Gottlieb Steen & Hamilton; Beau Sterling – Cleary Gottlieb Steen & Hamilton; Diana Wollman – Cleary Gottlieb Steen & Hamilton;

Law Firms: Cleary Gottlieb Steen & Hamilton;

Clients: Pacific Woodtech Corporation;