LP has no plans to refire Quebec plant

Executives at Louisiana-Pacific say they will not push to regain their wood license from the government of Quebec and thus have no plans to restart their oriented strand board mill in Chambord, north of Quebec City. Nashville-based LP ramped down the plant in 2008, and execs say the construction materials market still hasn't regained enough strength for them to consider restarting work there.

SEE ALSO: Want to practice your French? Here's another LP release reacting to the Quebec government's move to revoke the company's wood license.

Sep 16, 2015 10:52 AM

Label maker buys Canadian company

Franklin company also lands $130M debt package
Jan 16, 2015 1:05 PM

LP, Ainsworth spike deal

With lengthy litigation looming, companies call off $1.1B plan
May 14, 2014 12:47 PM

Regulators tell LP they won't OK Ainsworth deal as is

Parties in $1.1B acquisition plan could be headed to court
May 9, 2014 7:43 AM

Antitrust questions force LP, Ainsworth to extend deal deadline

The leaders of Louisiana-Pacific and Ainsworth Lumber have agreed to extend to June 2 today's deadline to obtain regulatory approval of their planned $1.1 billion combination. The companies say their extension is the result of "continued discussions" with the Canadian Competition Bureau and the Antitrust Division of the U.S. Department of Justice. Either company can add another 45 days to the deal's timeline if needed.

Shares of LP (Ticker: LPX) are down about 1 percent this afternoon to $15.25. Investors appear to be expecting not-so-good news about the Ainsworth acquisition and have pushed the stock down nearly 20 percent since the beginning of March.

Apr 18, 2014 1:35 PM

State program helps Swiftwick score Canadian distribution deal

TNTrade program leads to sock stocking north of the border
Jan 21, 2014 11:22 AM

Sitel adding 3,500 jobs

Company to grow its Work@Home, contact center opportunities in U.S., Canada
Dec 5, 2013 10:21 AM

LP names Canadian operations exec

Louisiana-Pacific has recruited a 26-year veteran of the forest products sector to be its regional operations manager in Canada, where the company will grow its presence from five to nine plants when it wraps up its $1.1 billion purchase of Ainsworth Lumber. Mac Palmiere had until this summer run Howe Sound Pulp and Paper in British Columbia and will continue to be based in Vancouver.

Nov 22, 2013 7:11 AM

Weighing the antitrust aspects of LP's big buy in Canada

Bill McConnell at TheStreet.com writes about the apparent greater likelihood that Louisiana-Pacific will be asked by the Federal Trade Commission to divest some of the manufacturing capacity it will have after it buys Canadian rival Ainsworth. It will likely come down to how the FTC's staff looks at the proposed combination's effects on Western Canadian production.

A key factor in the antitrust review is how broadly the regulators view the affected market. A broader view that geographically includes all of North America and includes both plywood and oriented strandboard (OSB) would make an extended review unlikely. If the DOJ limits the market to a smaller geographic area like the U.S. Pacific Northwest and considers the merger's impact only on OSB, then the likelihood of a long review and divestitures rises substantially.

SEE ALSO: LP buying Canadian competitor for $1.1B

Oct 24, 2013 6:59 AM

Lincor lands Canada contract

Lincor Solutions, the marketer of various hospital-based technology solutions, has won a 10-year contract to supply its bedside patient terminals with phone, TV and Internet access to a trio of Newfoundland hospitals. Operator Eastern Health will begin phasing in the terminals, which also have patient medical records applications, starting next week.

Lincor earlier this year moved its HQ from Ireland to Brentwood and has since added a number of senior executives to its area ranks.

Oct 23, 2013 1:44 PM