Georgia-Pacific Completes Acquisition Of Temple-Inland Building Products
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.
RELATED ARTICLES
GEORGIA-PACIFIC FINISHES STRONG
Latest News
KDS Windsor Offers CDK Virtual Tour
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); KDS Windsor is offering a virtual tour of a recently completed installation of its continuous dry kiln designed to deliver an annual production of 150MMBF at a sawmill in Greenville, NC.…
JoeScan Adds Technology & Process Improvement Manager
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); JoeScan, a sawmill scanning technology provider, has announced the appointment of Joseph Elliott to the newly created role of Technology & Process Improvement Manager. In this position, Joseph will spearhead initiatives…
GP Shakes Up Operations Leadership
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Georgia-Pacific has changed its operations leadership. Jeff Koeppel, senior vice president of operations, will retire in the first quarter of 2025. A role he has held since 2016, Koeppel’s been a…
Find Us On Social
Newsletter
The monthly Timber Processing Industry Newsletter reaches over 4,000 mill owners and supervisors.
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.
Advertise
Complete the online form so we can direct you to the appropriate Sales Representative.