name = Louisiana-Pacific
type = Public (NYSE|LPX)
foundation = 1973
location = 414 Union Street
locations = 25 (2007)
key_people = Richard W. Frost (
Curtis M. Stevens (
products = Building materials
revenue = decrease $1.7 billion (2007)
operating_income = decrease $-266 million (2007)
net_income = decrease $-179 million (2007)
assets = decrease $3.2 billion (2007)
equity = decrease $1.8 billion (2007)
num_employees = 5,100
homepage = http://www.lpcorp.com
intl = yes
Louisiana-Pacific Corporation NYSE|LPX, commonly known as "LP", is a building materials manufacturer. It was founded in
1973and is based in Nashville, Tennessee. Key products are oriented strand board, molding and other trimming materials, and wood siding, and other engineered woodproducts.
As of 2005, LP has 29 manufacturing plants in the U.S. and
Canada, and one near Malalhuein Chile.
LP was founded in 1973 as part of a court-ordered monopoly breakup of
Georgia Pacific. LP was headed by company president Harry Merlofor the first 22 years, who was known for his flamboyant style and generous civic contributions.
During the 1990s, LP was the defendant in a major
class-action lawsuitover its OSB sidingproduct known as Inner Seal, manufactured from the early 1990s through 1996, due to its poor performance in humid environments. This product has since been replaced by other improved siding products. The deadline for filing suit passed in 2002.
Much of LP's growth in the 1990s came through acquisition of other building materials companies, such as ABTco in the eastern United States and Forex in eastern Canada.
LP was headquartered in
Portland, Oregonfrom 1973 through 2004, when it moved the headquarters office to Nashville. It owns the naming rightsto LP Field, the stadium which houses the Tennessee Titansand Tennessee State Universityfootball teams in Nashville.
Engineered Wood Siding (SmartSide)
Louisiana Pacific operates several engineered wood siding mills that produce many 50yr limited warranty siding products. These include 4x8 panel sheeting, 5,6,8,10, and 12 inch lap siding, and many different sizes of engineered trim products. Siding products made by the siding group are different from OSB (oriented strand board) in that they include more of certain ingredients (blend is proprietary) to make the board stand up to mother nature better than a sub-floor product. Siding boards are also denser and more rigid than traditional OSB to help the board remain structurally sound throughout theterm of its warranty.A new product has been added to the siding/specialty group in the past year and has been met with great enthusiasm by the building community; SmartSide vented soffit is on the market now and comes in a variety of sizes and thicknesses.
* [http://www.louisianapacific.com Louisiana Pacific corporate website]
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