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LP Announces Mill Exchange to Increase Siding Capacity

NASHVILLE, Tenn.--(BUSINESS WIRE)--Louisiana-Pacific Corporation (LP) (NYSE: LPX) today announced that it has reached an agreement with Norbord Inc. (NYSE: OSB) (TSX: OSB) to exchange OSB mills in Quebec, Canada. LP will swap ownership of its Chambord, Quebec, mill for Norbord’s Val-d’Or, Quebec, mill. The asset exchange is expected to be complete in early November 2016.