PLYWOOD SALE
August 1st, 2002
BY PHILIP FINE
US building supplier Louisiana-Pacific Corporation is selling its plywood operations. It has announced it will transfer ownership of its Texas and Louisiana plywood mills to Georgia-Pacific for a GP strand board mill, in Woodland, Maine, and some "additional consideration." "The exchange moves us closer to completing our program, allowing us to fully focus our attention and resources on our ongoing businesses," said Mark A. Suwyn, LP's Chairman and CEO. LP expects to complete the transaction by
mid-to-late September 2002, ...
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