RedBuilt, a US-based supplier of engineered lumber products, has signed an agreement to acquire assets of rival Standard Structures Inc (SSI) that include equipment, raw materials inventory and intellectual property.
The move follows SSI, a US-based manufacturer of glulam beams, I-joists and open-web trusses for commercial and multi-family roof and floor systems, announcing its plans to exit the engineered wood products business and restructure its remaining business around its core glulam product line.
RedBuilt will not be manufacturing SSI-branded engineered wood products.
Its offering includes composite wood-and-steel open-web trusses, engineered wood I-joists, LVL, and complementary components, product engineering, and onsite technical support, as well as a range of concrete-forming and scaffold-planking solutions.
