GreenFiber Acquires Third Company In Eight Months

News Release — February 9, 2006


GreenFiber Acquires Third Company In Eight Months

CHARLOTTE, N.C. — February 9, 2006 — In keeping with its corporate commitment to dynamic growth, GreenFiber, LLC announced today its acquisition of Redi-Therm Insulation, a cellulose insulation company located in Salt Lake City, Utah.

This purchase makes the third acquisition in less than eight months. Beginning in July 2005, GreenFiber purchased Bonded Insulation of Hagaman, N.Y., followed by Blue Sky Insulation of East St. Louis, Ill. in January. These acquisitions expand GreenFiber’s primary product line, GreenFiber™ brand insulation in the Northeast, Midwest and Northwest.

"Our purchase of Redi-Therm supports our long-term strategic growth plan by giving us additional manufacturing and distribution capacity in Utah, Idaho and Nevada," said Dennis Barrineau, president of GreenFiber. "This expansion, like the two others, will continue to grow our business with both existing and new customers, reduce transportation costs and ensure our commitment to exceptional customer service throughout our network," he continued.

Redi-Therm’s former owners, Rob Reese and Mary Jo Laramie, will become GreenFiber employees and oversee the Salt Lake City plant’s operations. Tim Leahy, Western Regional Contractor Sales Manager, is in charge of the transition between GreenFiber and Redi-Therm.

With this recent acquisition, GreenFiber now has a total of 14 manufacturing plants. Its insulation plants are located in Albany, N.Y., Charlotte, N.C., Delphos, Ohio, Denver, Colo., East St. Louis, Ill., Elkwood, Va., Lithia Springs, Ga., Norfolk, Neb., Phoenix, Ariz., Sacramento, Calif., Salt Lake City, Utah, Tampa, Fla. and Waco, Texas. The 14th plant, a Scott’s Patch Master Plant, is located in Elkwood, Va.

Established in 2000, GreenFiber LLC is a quality-conscious provider of GreenFiber Cocoon Insulation, fire and sound products. GreenFiber is sold through major home centers, building supply retailers and lumberyards in the US and Canada to the do-it-yourself and contractor customer. GreenFiber’s products are also sold through a national sales force to residential and commercial contractors as well as to the manufactured housing industry. The company, headquartered in Charlotte, NC, is a 50/50 joint venture of Louisiana-Pacific (NYSE:LPX) and Casella Waste Systems, Inc. (NASDAQ:CWST). GreenFiber has the capacity to turn what has previously been an environmentally-friendly "specialty" product into a major competitor in the building products industry.

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