LP Building Solutions celebrates its 50th anniversary

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NASHVILLE, Tenn. — LP Building Solutions (LP) 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 President and CEO Brad Southern in 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.”

LP’s pioneering roots date back to 1979, when the company opened the first oriented strand board (OSB) plant in North America. Located in Hayward, Wisconsin, crews had to work 24 hours a day, seven days a week to keep up with 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.

Through the introduction of OSB, the company 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 moisture. The result gives SmartSide products the look of traditional wood with the durability of engineered wood, making it one of the fastest growing siding brands in the 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 products was popularized in 1998 when the company introduced the industry’s first commercially viable radiant barrier coating. The market leader today, LP TechShield Coating is designed to block up to 97% of radiant heat in roof 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.

The company 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 for 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. “Although 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 implement our strategy to provide our customers with the construction 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. .”

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