Completed first corporate headquarters building in Portland, Ore. Distribution centers totaled 105.

Spun off $305 million in assets as Louisiana-Pacific, Corp., pursuant to a settlement with the Federal Trade Commission.

Acquired redwood timberlands and sawmills at Fort Bragg, Calif. Announced $1 billion, five-year capital investment program. Sales reached $2.2 billion.

Acquired Exchange Oil & Gas Corp., New Orleans, La. Completed construction of plywood plants in Alabama, Georgia and South Carolina. Operated more than 140 distribution centers and more than 200 plants and mills. Number of employees reached 33,500.

Announced entry into roofing manufacturing with plans for a plant at Franklin, Ohio. Pulp and paper mill expansions at Plattsburgh, N.Y., Crossett, Ark., and Port Hudson, La. Added new corrugated container facility at Plano, Texas.