Content about Louisiana-Pacific Corp.

May 16, 2014

Louisiana-Pacific Corp. (LPX) took a blow of 4.56% following news of the official termination of its deal with Ainsworth.

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.

May 2, 2014

Louisiana-Pacific Corp. announced that Archie W. Dunham retired from the board of directors at the annual meeting of shareholders as required by the mandatory retirement age in the bylaws. 

Dunham has served on the board since 1996 and during his tenure served as the chairman of the Finance and Audit Committee and was also a member of both the Compensation Committee and Executive Committee. He is the former president and CEO of Conoco.

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 22, 2013

Louisiana-Pacific Corporation has appointed M.J. "Mac" Palmiere as oriented strand board regional operations manager for Canada, effective Dec. 2.

"We are very fortunate to have someone of Mac's caliber and experience join the LP team at a time when our Canadian operations are becoming an even more important part of our business," EVP OSB Jeff Wagner said. "Mac has more than 26 years of experience in the forest industry, 16 of them in management, from mill manager to president and CEO."

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.

November 5, 2013

Nashville, Tenn.-based Louisiana-Pacific Corp. (LP) reported third-quarter sales of $507 million, up 10% from the same quarter last year.

The company said OSB prices continued to decline in the quarter, resulting in lower eanrings. LP reported income from continuing operations of $38 million, up from $31 million in last year's third quarter.

"Each of our business segments generated positive adjusted EBITDA in the quarter," said CEO Curt Stevens. 

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. 

August 6, 2013

Nashville, Tenn.-based Louisiana-Pacific Corp. (LP) reported second-quarter sales of $573 million, up 34% compared with the year-ago quarter. 

“This was another good quarter for LP as the U.S. housing market continues to recover,” said CEO Curt Stevens. “While OSB prices moderated during the second quarter, this segment showed good earnings. Strong demand in siding and South America also added to our results.” 

November 29, 2012

Louisiana-Pacific Corp. has entered into an agreement with Canfor Corp. to acquire Canfor’s 50% share in the Peace Valley Oriented Strand Board (OSB) joint venture in Fort St. John, British Columbia. By completing this acquisition, LP will become the sole owner of the Peace Valley OSB mill.

November 6, 2012

Louisiana-Pacific Corp. reported third-quarter sales of $467.8 million, a 33.4% increase over sales of $350.6 million in the same quarter a year ago.

Net income for the quarter, which ended Sept. 30, was $31.3 million, compared with a net loss of $65.6 million a year ago.

October 23, 2012

Louisiana-Pacific Corp. is collaborating with Operation Finally Home to build mortgage-free homes for wounded veterans.

LP donated SmartSide product and PR support to a home built by New American Homes in Greater Chicago for U.S. Army Spc. Nick Mapson, who sustained debilitating injuries in Afghanistan. This included the Home Builders Association of Greater Chicago (HBAGC) with the National Association of Home Builders and the Chicago NFL Players Association Former Players Chapter.

August 1, 2012

Louisiana-Pacific Corp., one of the industry’s leading suppliers of oriented strand board (OSB) and other building materials, announced net sales of $428 million for its second fiscal quarter, an 18% hike over sales of $362.4 million in the same quarter a year ago.

July 12, 2012

Louisiana-Pacific Corp. has amended its 2009 revolving credit agreement with its lenders and Bank of America, the administrative agent, to release the liens on certain assets of the company and its subsidiaries. These include liens on all equipment and real estate of the Nashville, Tenn.-based company and its domestic subsidiaries.

May 8, 2012


Louisiana-Pacific Corp., one of the industry’s leading suppliers of oriented strand board and other building materials, announced net sales of $361.5 million for its first fiscal quarter of 2012, compared with $331.7 million during the same quarter a year ago. 

March 15, 2012

Louisiana-Pacific Corp. has announced the appointment of Curt Stevens as its new CEO, effective May 4. He will replace Rick Frost, who is retiring after seven years as chief executive. Frost will remain with the company until May 31 to aid in the transition.

February 29, 2012

Louisiana-Pacific Corp. reported that it has adjusted its 2011 results to reflect a wider loss in 2011.

After the adjustment, LP’s 2011 net loss was $181.3 million. On Feb. 7, LP reported a net loss of $170.7 million. 

The adjustment comes from a non-cash impairment charge related to its investment in its U.S. Greenfiber joint venture due to information received after the release of earnings.

October 17, 2011

Louisiana-Pacific Corp. one of the industry’s leading suppliers of oriented strand board and other building materials, has announced a $100 million extension to its revolving credit agreement with its lenders and Bank of America, N.A., as administrative agent.

Among other changes, the fourth amendment:

August 24, 2011

Louisiana-Pacific Corp. has announced that its Dawson Creek, B.C., mill will curtail production of oriented strand board (OSB) beginning Aug. 25. The mill will continue to manufacture LP TechShield Radiant Barrier Sheathing to support its customers' needs in West Coast markets. 

The Dawson Creek OSB mill was constructed in 1987 and currently employs 114 people. After winterization and preparations for press shutdown are completed, about 26 employees will be retained to operate the TechShield Radiant Barrier line, and maintain the plant and equipment. 

July 29, 2011

Louisiana-Pacific Corp., the Nashville, Tenn., wood products producer, reported sales of $362.4 million for its second fiscal quarter, a 19% drop from sales of $447.5 million during the same quarter last year. Net loss from continuing operations for the quarter, which ended June 30, was $33 million, compared with a net gain of $23.6 million a year ago.

September 27, 2010

Curtis Stevens serves as EVP administration and CFO of Nashville, Tenn.-based building materials manufacturer Louisiana-Pacific...

December 1, 2008

The Nashville, Tenn. building materials supplier will lay off 200 salaried workers and freeze expenditures...