Restructuring at L-P

Louisiana-Pacific Corp. has sold its Fiberbond gypsum panel product to USG, and has put a number of other divisions, including Nature Guard Roofing Shakes, on the auction block. These sales are part of a large-scale restructuring initiative intended to focus the company more strongly on building products with a national market, according to spokesman Barry Lacter. A California pulp mill and extensive redwood holdings in California, including three sawmills, are among the other units up for sale.

L-P is standing firm with its other green building products, however, including the Cocoon cellulose insulation line, which is the new name for merged Nature Guard insulation and Greenstone cellulose products.

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