International Paper Selling Lumber Unit To Georgia-Pacific

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

International Paper Co. is selling its building products unit to Georgia-Pacific LLC for $750 million cash, a move designed to sharpen focus on its massive packaging business.

The sale had been expected since IP acquired the unit, which sells lumber and particle board for home construction, as part of its $3.7 billion buyout of smaller rival Temple-Inland earlier this year.

IP is the largest North American producer of corrugated packaging, commonly used to make shipping boxes. Amazon.com Inc. is one of IP’s largest customers.

The sale gives IP more cash to invest in the packaging business.

Georgia-Pacific will get the unit’s 16 manufacturing facilities located primarily in southeastern and eastern United States, regions that are expected to see new home construction when the economy recovers.

From Reuters: reuters.com.

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548381461985-0'); });

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548381402298-0'); });

Latest News

Timber Processing & Energy Expo Is Still A Go

The Timber Processing & Energy Expo (TP&EE) is expected to be held as scheduled September 30 to October 2 at the Portland Exposition Center in Portland, Oregon, announced show producer Hatton-Brown Expositions. “Obviously we continue…

Full Speed Ahead For Hatton-Brown Publishers

Hatton-Brown Publishers Inc. released a statement regarding its operations during the coronavirus crisis as follows: “As we all deal with personal, family and employee health concerns brought on by the coronavirus crisis, we realize it…

Copley Addresses Southern Pine Developments

Andrew Copley, senior analyst with Forisk Consulting, spoke on North American Timberland and Forest Industry Capital Investment Trends during the recent Wood Bioenergy Conference & Expo in Atlanta. He noted that Weyerhaeuser’s REIT, with 11,735,000…

Pete Madden Becomes U.S. Endowment President

U.S. Endowment for Forestry and Communities announced that Pete Madden is the new President. Madden joins the Endowment with more than 30 years of experience in the forest sector. He has held roles in land…

« Older Entries

Next Entries »

Find Us On Social

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

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