Published on 15 Nov 2023 on Zacks via Yahoo Finance
Louisiana-Pacific (LPX) Extends Partnership With BlueLinx
Louisiana-Pacific Corporation LPX — commonly known as LP Building Solutions (LP) — extended its distribution partnership with BlueLinx Holdings Inc. BXC.Per the partnership, LP SmartSide Trim & Siding and LP SmartSide ExpertFinish Trim & Siding will be distributed in BlueLinx’s Seattle and Spokane, WA branches. BlueLinx will now distribute LP’s SmartSide Trim & Siding through its Gulfport, MS unit.Earlier, both companies extended distribution partnership in Jacksonville, Tampa and Lakeland in the Southeast region.
LP’s Stock Performance
Shares of the company outperformed the Zacks Building Products – Wood industry in the past three months. The trend is likely to continue, given its focus on the Siding business, cost containment efforts and enhancing shareholders’ value.