by Web Editor | Nov 2, 2016 | News
Louisiana-Pacific Corporation (LP) recently announced that it has reached an agreement with Norbord Inc. to exchange OSB mills in Quebec, Canada. LP will swap ownership of its Chambord, Quebec, mill for Norbord’s Val-d’Or, Quebec, mill. The asset exchange is expected to be complete in early November 2016.
This transaction, along with the recent acquisition of a former OSB site in Cook, Minnesota, is part of LP’s strategy to increase siding capacity, an area of the business that has delivered consistent sales growth over the past decade.
“The Canadian mill exchange, coupled with the recent Minnesota acquisition, provides us flexibility and increases our ability to optimize our capacity for sustained business growth,” LP Chief Executive Officer Curt Stevens said.
“We have seen tremendous growth in our siding business and anticipate this growth to continue as we look to meet increasing demand,” he said. “The aim of these transactions is to provide additional siding capacity by the end of 2018.”
LP’s immediate priority will be to conduct a detailed evaluation of the Cook site and Val-d’Or mill. The assessment will determine the operational feasibility, including access to timely and adequate wood supply, the work required to convert the sites into fully operational siding mills, as well as conversion costs and annual operating expenses.
From LP Corp.: https://investors.lpcorp.com/phoenix.zhtml?c=73030&p=irol-newsArticle&ID=2217033
by Web Editor | Jan 15, 2016 | News
Louisiana-Pacific Corp. recently broke ground on a project that will add a FlameBlock Fire-Rated OSB Sheathing line at its Clarke County oriented strand board (OSB) mill. A new facility will be constructed to house the production line for the company’s fire-rated sheathing product.
Louisiana-Pacific CEO Curt Stevens said the new line in Clarke County will meet the growing demand in the single-family, multi-family and light commercial construction markets.
The company selected the Clarke County mill for the new line because of its strong workforce and proven performance in manufacturing commodity OSB from a safety, quality and environmental perspective, Louisiana-Pacific said in a release.
Plans call for the multi-million dollar project to be completed in the third quarter of 2016, with production scheduled to start in the fourth quarter of 2016.
The Clarke County mill opened in 2007, and is one of the company’s 10 OSB manufacturing facilities in North America – employing 161 workers.
From the Birmingham Business Journal: https://www.bizjournals.com/birmingham/morning_call/2016/01/louisiana-pacific-adds-production-line-at-clarke.html
by Web Editor | Apr 8, 2015 | News
Louisiana-Pacific Reconfigures Management Team
Louisiana-Pacific Corp. announced several changes to its executive management team. CEO Curt Stevens says, “These changes provide opportunities for LP to benefit from the shared perspectives and best practices across businesses as we continue to develop our top leadership talent.”
Mike Sims becomes senior vice president sales and marketing. He replaces Rick Olszewski, executive vice president of sales, marketing and South America, who is retiring from LP. Frederick Price, president of LP South America, reports to Stevens.
Brad Southern becomes executive vice president OSB, replacing Jeff Wagner, who will retire from LP mid-year. In the interim, Wagner will be executive vice president Growth and Innovation, reporting directly to Stevens.
Brian Luoma becomes executive vice president Siding, replacing Southern in that position. Neil Sherman becomes senior vice president, EWP, replacing Luoma in that position.
Stevens continues, “LP is very fortunate to have a strong bench of management talent; these team members represent decades of industry and LP experience. We were able to make these moves internally as a result of the talent pool within LP and our robust succession planning process. I would also like to thank Rick Olszewski and Jeff Wagner for their important contributions to LP.”
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by Web Editor | Aug 16, 2012 | Update
Louisiana-Pacific appointed Curt Stevens to succeed Rick Frost as LP CEO effective in May. Frost, who served as CEO since 2004, retired from LP May 31.
Stevens, 59, joined LP in 1997 and has held senior management positions throughout his career at the company. He was appointed to the interim position of executive vice president, chief operating officer in December 2011. Previously, he served as executive vice president, administration and chief financial officer from May 2002 to December 2011. From September 1997 to April 2002, Stevens served as vice president, treasurer and chief financial officer.
Retiring CEO Frost comments, “I have been honored to have had the opportunity to lead LP over the past seven years. During some of the toughest times the building industry has ever seen, our people have improved operations, quality and market share while leading the industry in safety. Appointing Curt as CEO provides LP continuity with an experienced leader who is well prepared to address LP’s future challenges and opportunities.”
Stevens comments. “LP has exceptional people, quality products, and the financial position to take full advantage of an upturn in the housing market. Great things await us.”
LP has also promoted Brad Southern to senior vice president and general manager, Siding; and Brian Luoma to senior vice president and general manager, Engineered Wood Products. Southern and Luoma will report to CEO Stevens.
Southern joined LP in 1999. He has led LP’s Siding business since 2005 and was previously vice president of specialty operations. Luoma joined LP in 1987 and has headed the engineered wood products business since 2006.
