17/02/2026
LDCwood ThermoWood and BPWood today signed a Letter of Intent (LOI) under which BPWood would acquire a minority equity interest in LDCwood.
"Signing the Letter of Intent marks a new phase in our international growth. This LOI reflects our long-term vision to anchor ThermoWood® as a reference product in North America. Since 2022, our teams have been working closely and complementarily together, both commercially and technically."
- Mike Lemahieu, CEO of Lemahieu Group

Both LDCwood and BPWood are members of the International ThermoWood® Association (ITWA) (www.thermowood.fi). This membership underlines their shared commitment to promoting ITWA’s patented, third-party audited production system for thermally modified wood worldwide and to firmly establishing this science-based gold standard within the North American construction sector.
Completion of the transaction remains subject to customary due diligence and the negotiation and execution of definitive agreements.
About LDCwood ThermoWood®
LDCwood, based in Ostend, Belgium, specializes in the production of high-quality ThermoWood® products for international markets. The company combines advanced production technology with a strong focus on sustainability, quality, and innovation. LDCwood is a subsidiary of Lemahieu Group. Lemahieu Group is a Belgian family-owned company with a strong international presence in the wood industry. The group focuses on sustainable wood processing, innovative production technologies, and long-term partnerships worldwide, with a clear commitment to quality and innovation.
About BPWood Ltd.
BPWood Ltd., headquartered in Penticton, Canada, is a leading supplier of ThermoWood® products in North America, focused on delivering sustainable, high-performance wood solutions.
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Registered office
Zuiddokweg 44
9000 Ghent
+32 9 255 58 88
gent@lemahieu.be
Registered office
Zuiddokweg 44
9000 Ghent
+32 9 255 58 88
gent@lemahieu.be
Production site
Vergunningenstraat 6
8400 Ostend
+32 59 33 99 99
oostende@lemahieu.be
Production site
Vergunningenstraat 6
8400 Ostend
+32 59 33 99 99
oostende@lemahieu.be
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