| Louisiana-Pacific Corp. | |
|---|---|
| Type | Public |
| Founded | Portland, Oregon (1973) |
| Headquarters | Nashville, Tennessee |
| Key people | Rick Frost, CEO Curt Stevens, Executive Vice President, administration/CFO Harold Stanton, Executive Vice President, specialty products and sales |
| Products | oriented strand board engineered wood products siding |
| Employees | 7100 (as of 2003) |
| Slogan | N/A |
| Website | www.lpcorp.com |
Louisiana-Pacific Corporation NYSE: LPX, commonly known as "LP", is a building materials manufacturer. It was founded in 1973 and is based in Nashville, Tennessee. Key products are oriented strand board, decking, molding and other trimming materials, vinyl and wood siding, and other engineered wood products. As of 2005, LP has 29 manufacturing plants in the U.S. and Canada, and one near Panguipulli in Chile.
History
LP was founded in 1973 as part of a court-ordered monopoly breakup of Georgia Pacific. LP was headed by company president Harry Merlo for 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 lawsuit over its OSB siding product 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 This product has since been replaced by other improved siding products.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, Oregon from 1973 through 2004, when it moved the headquarters office to Nashville. It owns the naming rights to LP Field, the stadium which houses the Tennessee Titans and Tennessee State University football teams in Nashville.
