Georgia-Pacific Completes Acquisition Of Temple-Inland Building Products

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548381510056-0'); });

Georgia-Pacific today announced it has completed the acquisition of the Temple-Inland Building Products assets from International Paper Co. after receiving clearance from the Department of Justice under the Hart-Scott-Rodino merger review process. The purchase price was $710 million.

“With the sale final, we are eager to combine our assets into one building products business,” said Mark Luetters, executive vice president – building products. “Temple-Inland brings high-quality assets with teams of talented employees, and we look forward to combining best practices so that we will continue to improve our ability to serve key customers. We highly value our employees and the communities where we operate, and we are committed to a smooth transition.”

The acquisition includes 15 U.S. facilities with more than 1,800 employees across eight states, including Alabama, Arkansas, Georgia, Louisiana, Oklahoma, Pennsylvania, Tennessee and Texas. Teams at these facilities manufacture the following building products: fiberboard, gypsum products, lumber, medium density fiberboard (MDF) and particleboard.

Headquartered at Atlanta, Georgia-Pacific is one of the world’s leading manufacturers and marketers of building products, tissue, packaging, paper, cellulose and related chemicals. The company employs approximately 35,000 people worldwide.

Latest News

U.S. Lumber Prices To Rise As Increased Home Building Offsets Decreased Chinese Exports

An increase in U.S. housing construction is expected to significantly raise lumber prices by the end of the year, offsetting the depressing effect China’s recent downturn in property investment has had on lumber demand. Capital…

West Fraser Investment In Pine Beetle Zone Faces Uncertain Future

The warning bell has been sounding for several years that the opportunity to extract economic value from pine beetle-killed trees would come to an end. West Fraser has focused on salvaging dead pine trees for…

Fluor-B&W Grant To Help Reopen Ohio Lumber Mill

A grant of $44,000 from Fluor-B&W Portsmouth will help reopen the former Sherwood Forest lumber mill near Waverly, which will provide jobs for 18 to 25 people when it becomes operational. The mill, which will…

« Older Entries

Next Entries »

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548381237439-0'); });

Find Us On Social

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548380448760-0'); });

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548380578329-0'); });

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548380709898-0'); });

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548380656716-0'); });

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548380767732-0'); });

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548380810300-0'); });

Newsletter

The monthly Timber Processing Industry Newsletter reaches over 4,000 mill owners and supervisors.

Subscribe Now

Subscribe/Renew

Timber Processing is delivered 10 times per year to subscribers who represent sawmill ownership, management and supervisory personnel and corporate executives. Subscriptions are FREE to qualified individuals.

Complete the form

Advertise

Complete the online form so we can direct you to the appropriate Sales Representative.

Contact Us