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LOUISIANA-PACIFIC AGREES TO ACQUIRE TRICON FOREST PRODUCTS

 LOUISIANA-PACIFIC AGREES TO ACQUIRE TRICON FOREST PRODUCTS
 PORTLAND, Ore., March 19 /PRNewswire/ -- Louisiana-Pacific Corp. (L-P) (NYSE: LPX) announced today it reached an agreement in principle to acquire certain assets of Tricon Forest Products Inc., a wholesale lumber trading business based in Lake Oswego, Ore. The agreement was announced jointly by L-P and Robert M. Simpson, Tricon's president.
 The agreement -- which is subject to approval of L-P's board of directors -- would establish a wholesale lumber trading activity for L-P managed by Simpson and employing the current staff of Tricon.
 "This acquisition adds another important customer service dimension to our lumber business," said Harry A. Merlo, L-P's chairman and president. "We're pleased to add Robert Simpson to our team and gain his outstanding track record in wholesale lumber sales."
 -0- 3/19/92
 /CONTACT: Barry Lacter of Louisiana-Pacific, 503-221-0800/
 (LPX) CO: Louisiana-Pacific Corp.; Tricon Forest Products Inc. ST: Oregon IN: PAP SU: TNM


LM-JH -- SE008 -- 9880 03/19/92 17:25 EST
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Publication:PR Newswire
Date:Mar 19, 1992
Words:160
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