Content about Ainsworth Lumber Co.

May 15, 2014

Not that no one saw it coming, but Louisiana-Pacific Corporation and Ainsworth Lumber Co. have officially terminated their acquisition bid after months of regulatory delays.

In a joint statement released Wednesday, the companies explained that they could not obtain regulatory approval without lengthy and expensive litigation with U.S. and Canadian regulatory authorities.

April 18, 2014

It's the timing agreement that just won't quit.

Louisiana-Pacific Corporation and Ainsworth Lumber Co. announced Friday that they were extending the outside date for completion of the acquisition -- a third time.

LP's acquisition of Ainsworth was most recently scheduled to be completed by April 18, but that deadline has now been pushed back to June 2, 2014.

November 21, 2013

The U.S. Department of Justice extended the waiting period for Louisiana-Pacific Corp.'s planned acquisition of Ainsworth Lumber Co., requesting additional information from the two companies.

Once they've complied with the request, which were issued under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, the companies will have to wait 30 days before the transaction closes. The antitrust waiting period may change if the companies voluntarily extend it, or if the Department of Justice terminates it earlier.

October 14, 2013

Ainsworth Lumber Co., a manufacturer and supplier of engineered wood products, announced the reintroduction of two OSB products, under the company’s new OSB XL brand.

September 5, 2013

Nashville, Tenn.-based building materials giant Louisiana-Pacific Corp. agreed to buy Ainsworth Lumber Co. of Canada for about $1.1 billion. 

Vancouver, B.C.-based Ainsworth makes oriented strand board (OSB) and specialty products.