LP signs letter of intent to sell vinyl business to Canadian firm

Nashville, Tenn.-based Louisiana-Pacific Corp. (LP) announced it has singed a letter of intent to sell its vinyl siding business to KP Building Products Inc., a wholly-owned affiliate of Pointe Claire, Que.-based Kaycan Ltd.
The sale includes LP’s vinyl siding mills located in Holly Springs, Miss. And Action, Ont., and a warehouse located in Milton, Ont.
The sale will be completed by mid-December.