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

Idaho Forest Group Acquires Tricon Timber Sawmill

One of the nation’s largest lumber producers based in Coeur d’Alene is acquiring Tricon Timber’s stud mill in St. Regis. The Idaho Forest Group, a family owned wood products company, announced the acquisition. The transaction…

Oregon Lumber Industry Concerned About New Emission Rules

Oregon’s Department of Environmental Quality has been working for the past year on a set of rules, known as Cleaner Air Oregon, aimed at regulating emissions produced by industrial facilities. The new regulations have been…

Canadian Firms May Build New Sawmills In U.S. South

From: Timber Processing Editors Two Canadian-based companies, both in recent years having purchased and now operating multiple sawmills in the U.S. South, are considering building greenfield sawmills in the South. Interfor reports it has completed…

Maine’s Robbins Lumber Named Champion Of Economic Development

The Maine Development Foundation honored Robbins Lumber Inc. as a “Champion of Economic Development” at the foundation’s recent annual meeting in Bangor. In the spirit of the annual meeting theme — “Attract, Build, Retain: Talent…

« 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