Louisiana-Pacific Corporation (LP) has completed the initial phase of its purchase of a 75% ownership interest in Masisa OSB Industria e Comercio S.A., which operates OSB assets located in Ponta Grossa, Brazil. The purchase is being made through LP Brasil Participacoes Ltda., a limited liability company, and a subsidiary of Louisiana-Pacific South America S.A., a wholly-owned subsidiary of LP. The OSB assets, placed in service in late 2001, have an annual production capacity of 375 million square feet.
Final close is anticipated in the third quarter of 2008 following a transition period that will allow the two companies to work cooperatively to facilitate LP assuming full operating control of the OSB assets.
LP currently operates mills in Panguipulli, Chile, and in Lautaro, Chile.
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