LP Building Solutions celebrates 50 years of innovation

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Specialty building products maker celebrates anniversary on the New York Stock Exchange

NASHVILLE, Tenn., July 20, 2022 /PRNewswire/ — LP Building Solutions (LP), a leading manufacturer of high performance building products, celebrates its 50th anniversary today. After five decades as an innovative force in the building materials industry, LP marks this milestone with a series of initiatives to recognize the people who have helped the company grow and prosper.

LP was first incorporated on July 20, 1972. The following January, the company began trading on the New York Stock Exchange (NYSE). Today, LP returns to the NYSE to commemorate its historic anniversary. To celebrate the people who make and sell LP products, Plant Managers and Sales Associates will join the President and CEO South Brad for ringing the closing bell.

“We exist as a company to innovate, manufacture and deliver building solutions to our customers so they can build safe, durable homes while creating lasting value for our shareholders,” said Southern. “The pioneering spirit, ingenuity and commitment to innovation of LP employees, past and present, made today’s celebration possible.”

Known for finding new and unique ways to meet the needs of a changing building industry, LP’s pioneering roots date back to 1979, when the company opened the first oriented strand board (OSB) plant in North America. Situated in Hayward, Wis., crews had to work 24 hours a day, seven days a week to meet demand when production began. LP’s CEO told investors at the time, “I have never seen a forest product accepted so quickly by the market.

With the introduction of OSB, LP has become an innovative force in the building materials industry, a legacy that has endured for five decades. In 1997 the company launched LP® SmartSide® 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 weathering. humidity. 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 United States today.

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 industry’s first commercially viable radiant barrier coating. The market leader today, LP® TechShield® Coating blocks up to 97% of radiant heat in roofing panels and can lower attic temperatures by up to 30°F. In addition to LP TechShield, LP Structural Solutions’ current portfolio also includes LP WeatherLogic® Air & Water Barrier, LP Legacy® Premium Sub-Flooring, LP® FlameBlock® Fire-Rated Sheathing and LP NovaCore™ Thermal Insulated Sheathing.

LP has significantly expanded its product line and customer base over the past five decades through its unwavering commitment to industry leadership and providing innovative building solutions to its customers.

“From our beginnings as a commodity forest products company to our current reputation as a leading provider of specialty building solutions, LP has a long history of innovating to meet the changing needs of our customers,” said said Southern. “While a lot 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 to execute on our strategy to provide customers building solutions they need while ensuring a safe and inclusive workplace, responsibly managing our natural resources, and building a better future for our employees, customers and shareholders.”

For more information, visit 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. LP’s extensive offerings include innovative and reliable construction products and accessories, such as cladding solutions (LP® SmartSide® Trims and Coatings, LP® SmartSide® Expert finish® Trims and Coatings, LP BuilderSeries® Lap siding and LP® Exterior building solutions®), LP Structural Solutions (LP® TechShield® Radiant Barrier, LP WeatherLogic® Air and Water Barrier, LP Legacy® Premium Subfloor, LP® FlameBlock® fire-resistant coating, LP NovaCore™ thermal insulation coating and more), LP® Excellent® Subfloor and oriented strand board (OSB). In addition to product solutions, LP provides industry-leading customer service and warranties. Since its inception in 1972, LP has been building a better worldby helping customers build beautiful, sustainable homes while our shareholders create lasting value. Based at Nashville, TNLP operates 25 factories in the United States, Canada, Chile and Brazil. For more information, visit LPCorp.com.

SOURCE LP Building Solutions

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