History and Expansion - LP was incorporated on January 5, 1973 as part of a court-ordered monopoly breakup of Georgia-Pacific. - William H. Hunt, a vice-chairman at Georgia-Pacific, was selected as Louisiana-Pacific's first chairman. - In 1974, Harry A. Merlo succeeded Hunt as chairman while remaining CEO. - LP was based in Portland, Oregon for 33 years before moving its headquarters to Nashville in 2004. - LP acquired several lumber companies in California, Oregon, Montana, Washington, Missouri, and Alabama. - LP's sales grew 50 percent between 1980 and 1988, with profits increasing 400 percent. - LP introduced Inner-Seal siding for the exterior of homes. - LP's product line expanded to include I-beams for floor joists and rafters. - LP's OSB products protected the company from the timber market's fluctuations. - The Inner-Seal line accounted for almost 30 percent of LP's total sales volume by 1990.

Challenges and Lawsuits - LP faced lawsuits pertaining to its simulated cedar Inner-Seal exterior siding. - Homeowners alleged premature rotting, discoloration, and fungi growth. - LP settled all related disputes and re-engineered the product as LPSmartSide. - Class-action suits were filed against the Inner-Seal siding, but LP admitted no wrongdoing. - LP paid over $22 million in 1991 and an additional $14 million between 1993 and 1994 to settle OSB claims. - LP committed at least $275 million in 1996 to settle with 800,000 homeowners who used Inner-Seal siding. - LP implemented a Claimant Offer Program in April 2003, paying out over 37,000 claims in the largest class-action lawsuit in the siding industry. - LP paid almost $1 billion by the end of the settlement to satisfy claims. - LP paid $65 million in 1996 to settle a class-action lawsuit filed by LP shareholders alleging securities law violations.

Company Restructuring and Rebuilding - LP closed the Ketchikan Paper Company and 22 plants and mills in 1996. - LP sold off a number of additional operations, including the Weather-Seal door and window division in 1998. - LP sold over $875 million of assets during a three-year period to provide financial flexibility and focus on becoming the premier supplier of building materials. - LP engaged in targeted acquisitions, purchasing Associated Chemists, GreenStone Industries, Tecton Laminates Corp., and ABT Building Products Corporation. - LP introduced new product systems, including Smart Start siding, TechShield energy-efficient structural panels, TopNotch flooring, and Cocoon insulation. - LP made a total of 20 divestitures from 2000 to 2010. - LP implemented an asset sale and debt reduction program in May 2002 to enhance long-term competitiveness and financial flexibility. - LP focused on core businesses, including OSB, siding, engineered wood products, and plastic building products. - LP relocated its headquarters from Portland, Oregon to Nashville, Tennessee in September 2003.

LP's Involvement in Professional Sports - LP owned the Portland Timbers soccer club from 1979–82. - LP owned the naming rights to LP Field, the stadium housing the Tennessee Titans and Tennessee State University football teams in Nashville from 2006–15. - LP has been associated with professional sports in different manners. - LP's involvement in professional sports has varied over the years. - LP's ownership of the Portland Timbers and naming rights to LP Field are notable examples.

Financial Performance and Other Information - LP experienced a net loss of $51.7 million in 1995 and a net loss of $200.7 million in 1996. - LP operated at a net loss of $101.8 million in 1997 but returned to profitability in 1998 with $12.8 million in net profit. - LP made a strategic plan to enhance long-term competitiveness and financial flexibility in May 2002. - LP exceeded the initial $700 million target for its divestiture program by more than $50 million. - LP operates several engineered wood siding mills that produce many siding products. - LP uses forest management and timber procurement systems that are SFI certified, ensuring wood comes from well-managed forests. - LP's green attributes are recognised in green building certification programs across North America. - LP invests in communities by providing funding, products, and volunteers to support public schools and nonprofit organizations. - LP Building Products subscribes to the Lean Six Sigma methodology, delivering a six-to-one return on investment in cost savings for LP. - LP has domestic and foreign subsidiaries.