Louisiana-Pacific plans major investment to convert a Swan Valley, Manitoba mill and expand two existing sites, to produce treated engineered wood siding products - LP SmartSide - which it says is popular among builders and remodelers.

LP Building Products is planning to expand manufacturing capacity of LP® SmartSide treated engineered wood siding products to meet increased demand from builders, remodelers, shed fabricators and DIYers.

Louisiana-Pacific Corp. (NYSE: LPX) sales fell 9 percent for the second quarter, to $519 million. But Oriented Strand Board took a precipitous drop, falling 36 percent to $224 million, mostly due to a decrease in pricing. Engineered wood rose 33 percent.

Louisiana-Pacific Corporation (LP) (NYSE: LPX) reported today results for the second quarter of 2014, which included the following: Total sales for the second quarter of $519 million were lower by 9 percent compared to the year ago quarter.

The $1.1 billion deal between Louisiana-Pacific Corp. and Ainsworth Lumber Co. has been called off as the two panel firms determined they could not get federal regulatory approval without significant divestitures.

The Competition Bureau announced that, following a review by the Mergers Branch, Louisiana Pacific Corp. and Ainsworth Lumber Co. Ltd. have terminated their previously announced agreement in which LP would acquire Ainsworth.

Louisiana-Pacific Corp. and Ainsworth Lumber Co. Ltd. announced that they are terminating their previously announced agreement dated September 4, 2013 in which LP would acquire all of the outstanding common shares of Ainsworth.

Ainsworth Lumber posted sales of $107.8 million in the first quarter of 2014, down $34 million from the same period in 2013. The decrease in sales was mainly due to a 25.3% decrease in realized pricing.

Louisiana-Pacific reported sales of $445 million for the 2014 Q1, down 16% from a year ago. Severe weather was among the factors taking a toll on profits.

Ainsworth Lumber Co. provided an update regarding the previously announced agreement with Louisiana-Pacific Corp. in which LP would acquire all of the outstanding common shares of Ainsworth.