NASHVILLE, Tenn. — Louisiana-Pacific Corporation (LP) (NYSE: LPX) Chief Executive Officer Curt Stevens rang the opening bell at the New York Stock Exchange on Monday, March 4, celebrating the company’s 40th anniversary and what looks like the beginning of the housing recovery.
Joining Stevens on the podium were Chief Financial Officer Sallie Bailey, Director of Business Development and Investor Relations Mike Kinney and Treasurer Mark Tobin.
Contributed photo
BELL RINGER — Pictured, from left, are Mike Kinney, Louisiana Pacific’s director of business development and investor relations; Sallie Bailey, chief financial officer; Curt Stevens, chief executive officer; Mark Tobin, treasurer; and John Merrell, NYSE senior vice president, global corporate client group.
“Today I rang the New York Stock Exchange opening bell on behalf of LP employees,” Stevens said. “It is because of their talent and commitment that LP is destined for at least another 40 years of providing quality building products to our customers.”
LP got its start on Jan. 5, 1973 as a spin-off from Georgia-Pacific. LP built one of the first waferboard mills in the U.S. at Hayward, Wis. in 1979. The company then blazed the trail in the development of oriented strand board (OSB) by “orienting” the wood strands and making a panel with superior structural properties.
Through the’80s, OSB continued to replace plywood at home construction sites and LP grew through internal expansion and acquisition. The ’90s saw more changes as LP rebuilt itself around values of integrity, mutual respect, safety, quality products and service, and environmental stewardship.
In the early 2000s, LP restructured and refocused, selling its woodlands and non-core businesses to focus on the current business segments of OSB, siding and engineered wood. LP launched its South America venture in 2001 and moved its headquarters from Portland, Ore., to Nashville, Tenn., in 2004.
“Today, LP is customer focused, makes high-quality building products and is the safest company in our industry. Leaner and more efficient than ever before, we continue to innovate in processes and products. With the housing recovery, LP will continue to build on the momentum demonstrated in 2012,” Stevens concluded.
Louisiana-Pacific Corporation is a leading manufacturer of quality engineered wood building materials including OSB, structural framing products, and exterior siding for use in residential, industrial and light commercial construction. From manufacturing facilities in the U.S., Canada, Chile and Brazil, LP products are sold to builders and homeowners through building materials distributors and dealers and retail home centers. Founded in 1973, LP is headquartered in Nashville, Tennessee and traded on the New York Stock Exchange under LPX.
