Louisiana-Pacific Corp.Louisiana-Pacific Corp. (LP), Portland, Oregon, USA, has divested its 65% ownership in Louisiana-Pacific Coillte Ireland, Ltd. (LPCI LPCI Low Pressure Coolant Injection (Nuclear Power) LPCI Licensed Professional Counselor Intern ). Coillte, the state forestry company that owned the remainder of the joint venture, has purchased LP's majority share for an undisclosed sum. In other news: * LP will sell select businesses and assets to reach targeted debt levels. The LP plan involves divesting 935,000 acres of timberlands along with its plywood, industrial panels, and lumber businesses and anticipates net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). in the US$ 600-700 million range. LP hopes to complete most sales within 12 to 18 months. * LP permanently closed its Olathe, Colorado For other places with the same name, see Olathe (disambiguation). Olathe is a town in Montrose County, Colorado, United States. The population was 1,573 at the 2000 census. Geography Olathe is located at (38.606450, -107. , OSB OSB abbr. Order of Saint Benedict mill in May, after curtailing operations at the mill last December due to market and wood supply conditions. |
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