NASHVILLE, Tenn. (July 20, 2022)Ā āĀ LP Building SolutionsĀ (LP), aĀ leading manufacturer of high-performance buildingĀ products, is celebrating its 50th anniversary today. After five decades as an innovative force in the building materials industry, LP is marking this milestone with a series of initiatives to recognize the people that have enabled the company to grow and thrive.
LP was first incorporated on July 20, 1972. The following January, the company began trading on the New York Stock Exchange. Today LP returns to the NYSE to commemorate its historic anniversary. As a celebration of the people who make and sell LPās products, plant managers and sales associates will join Chair and Chief Executive Officer Brad Southern for the ringing of the closing bell.Ā Ā
'INNOVATE, MANUFACTURE, DELIVER' SOLUTIONS FOR CUSTOMERS
āWe exist as a company to innovate, manufacture, and deliver building solutions to our customers so they can build safe, durable homes while we build lasting value for our shareholders,ā said Southern. āThe pioneering spirit, ingenuity, and commitment to innovation of LP employees, past and present, has made todayās celebration possible.ā
LPās pioneering roots date back to 1979, when the company opened the first oriented strand board (OSB) mill in North America. Located in Hayward, Wis., crews had to work 24 hours a day, seven days a week, to keep up with demand when production began. LPās chief executive officer told investors at the time, āIāve never seen a forest product accepted so quickly by the marketplace.ā
Through the introduction of OSB, LP became an innovative force in the building materials industryāa legacy that has continued for five decades. In 1997, the company launched LPĀ® SmartSideĀ® Trim & Siding after developing a technologically advanced manufacturing process that treats each strand of wood with a proprietary combination of zinc borate, resins, and waxes to help resist moisture. The result gives SmartSide products the beauty of traditional wood with the durability of engineered wood, making it one of the fastest-growing siding brands in the United States today.
ADDING VALUE TO OSB PRODUCTS
Yet another breakthrough came with the development of value-added OSB products, known today as the LP Structural Solutions portfolio. This long line of innovative products was popularized in 1998 when LP introduced the industryās first commercially viable radiant barrier sheathing. Todayās market leader, LP TechShield sheathing blocks up to 97% of radiant heat in roof panels and can lower attic temperatures as much as 30Ā°F. In addition to LP TechShield, todayās LP Structural Solutions portfolio also includes LP WeatherLogicĀ® Air & Water Barrier, LP LegacyĀ® Premium Sub-Flooring, LPĀ® FlameBlockĀ® Fire-Rated Sheathing, and LP NovaCoreā¢ Thermal Insulated Sheathing.
DEDICATION TO RESPONSIBLE NATURAL RESOURCES MANAGEMENT
āFrom our early days as a commodity forest products company to our reputation today as a leading provider of specialty building solutions, LP has a long history of breaking new ground to meet the changing needs of our customers,ā Southern said. āWhile much has changed in 50 years, we have always maintained our focus on what LP does best: innovation. Looking forward to the next 50 years, we will continue executing our strategy to provide customers with the building solutions they need while ensuring a safe and inclusive workplace, responsibly managing our natural resources, and building a brighter future for our employees, customers, and shareholders.ā
For more information, visitĀ LPCorp.com.
About LP Building Solutions
As a leader in high-performance building solutions, Louisiana-Pacific Corporation (LP Building Solutions, NYSE: LPX) manufactures engineered wood building products that meet the demands of builders, remodelers and homeowners worldwide. LPās extensive offerings include innovative and dependable building products and accessories, such as siding solutions (LPĀ®Ā SmartSideĀ®Ā Trim & Siding, LPĀ®Ā SmartSideĀ®Ā ExpertFinishĀ®Ā Trim & Siding, LP BuilderSeriesĀ®Ā Lap Siding and LPĀ®Ā Outdoor Building SolutionsĀ®), LP Structural Solutions (LPĀ®Ā TechShieldĀ®Ā Radiant Barrier, LP WeatherLogicĀ®Ā Air & Water Barrier, LP LegacyĀ®Ā Premium Sub-Flooring, LPĀ®Ā FlameBlockĀ®Ā Fire-Rated Sheathing, LP NovaCoreā¢ Thermal Insulated Sheathing and more), LPĀ®Ā TopNotchĀ®Ā Sub-Flooring and oriented strand board (OSB). In addition to product solutions, LP provides industry-leading customer service and warranties.
Since its founding in 1972, LP has been Building a Better Worldā¢Ā by helping customers construct beautiful, durable homes while our shareholders build lasting value. Headquartered in Nashville, Tennessee, LP operates 25 plants across the U.S., Canada, Chile and Brazil. For more information, visitĀ LPCorp.com.