Wood News

Purchase of Ainsworth by Louisiana-Pacific not allowed in the transaction’s current framework

PORTLAND, OR , May 12, 2014 (RISI) - 

Ainsworth has announced that the planned acquisition of that company by Louisiana-Pacific (LP) has been blocked over antitrust concerns by U.S. and Canadian regulators. For the transaction to move forward, the companies may need to divest one or more of their existing operations.

"Although LP and Ainsworth continue to explore possible solutions and alternatives, Ainsworth is currently unable to determine whether, when or the terms upon which a transaction may be completed," said the company in a statement.

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