Louisiana-Pacific
 |
|
| Public | |
| Traded as | : LPX S&P 400 Component |
| Industry | Construction |
| Founded | 1973 in Portland, Oregon |
| Headquarters | Nashville, Tennessee, USA |
|
Number of locations
|
24 (2012) |
|
Key people
|
Curtis M. Stevens (CEO) |
| Products | Building materials |
| Revenue |
 US$1.357 billion (2011) |
|
US$(17 million) (2011) |
|
| Profit |
US$(181 million) (2011) |
| Total assets |
US$656.8 million (2011) |
| Total equity |
US$1,011.6 million (2011) |
|
Number of employees
|
3,900 |
| Website | www |
Louisiana-Pacific Corporation, commonly known as "LP", is a United States building materials manufacturer. It was founded in 1973 and is currently based in Nashville, Tennessee. LP pioneered the U.S. production of oriented strand board (OSB) panels. Today, LP is the world's largest producer of OSB, and manufactures engineered wood building products. LP products are sold to builders and homeowners through building materials distributors and dealers and retail home centers.
As of 2011, LP has 24 mills including 15 in the United States, six in Canada, two in Chile and one in Brazil.
A leading manufacturer and marketer of building and lumber products, Louisiana-Pacific Corporation (LP) revolutionized the industry by inventing alternatives to plywood and solid wood building products. Instead of relying on larger, more expensive old-growth timber, LP found ways to make structural building products from small-diameter, fast-growing trees. LP pioneered the use of oriented strand board (OSB) — a reconstituted plywood substitute made by pressing wood wafers together. OSB is the basis for many of LP's structural building products. LP also manufacturers industrial wood products, such as hardboard and medium density fiberboard, which are used by furniture and cabinet makers. Furthermore, along with wood products such as LPI joists and laminated veneer lumber, the company also produces Cocoon cellulose insulation. Plywood and pulp manufacturing round out LP's operations. The company controls over 950,000 acres of timberland, and owns plants in 29 states, as well as in Canada and Ireland.
LP was incorporated on January 5, 1973 as part of a court-ordered monopoly breakup of Georgia-Pacific. LP was headed by company president Harry A. Merlo for the first 22 years, who was known for his flamboyant style and generous civic contributions. For its first 33 years, Louisiana-Pacific was based in Portland, Oregon; the LP headquarters were moved to Nashville in 2004.
Over the years, LP has been associated with professional sports in different manners. From 1979–82, the company owned the Portland Timbers soccer club in the defunct North American Soccer League (NASL). From 2006–15, it owned the naming rights to LP Field, the stadium which houses the Tennessee Titans and Tennessee State University football teams in Nashville.
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Wikipedia