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.

Association President Ed Elias discusses how APA and the engineered wood industry viewed 2013 and what to expect in 2014.

Ainsworth Lumber Co. Ltd. announced the reintroduction of two popular OSB products, under the Company's new OSB XL brand.

The acquisition by Louisiana-Pacific Corp. of Ainsworth Lumber Co. Ltd. is seen as an excellent strategic fit that provides enhanced scale, greater access to Asian markets and a more diverse product mix.

As Oriented Strand Board capacity is expands with the return of the U.S. housing market - competition rises, along with prices, for wood fiber also used by the growing wood pellet biofuel industry.

The return of the US housing market is driving up demand for lumber and wood panel products. In response Oriented Strand Board (OSB) capacity is expected to expand, according to a new study published today by RISI, the leading information provider for the global forest products industry.