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

Restoration Projects Set For National Forests

Agriculture Secretary Tom Vilsack recently announced a new report, Increasing the Pace of Restoration and Job Creation on our National Forests, which outlines a strategy and series of actions for management on 193 million acres…

Roseburg Forest Products Continues Commitment To Renewable Energy

Roseburg Forest Products, a privately held forest products company with a long history of conservation and promoting sound and sustainable forestry practices, is extending its sustainability commitment to renewable energy. “Sustainably managing all aspects of…

West Coast Log, Lumber Exports Increased Over Forty Percent In 2011

Log and lumber exports from Washington, Oregon, northern California and Alaska increased 42% in 2011 compared to 2010, totaling 1,992 and 1,015 million board feet according to the U.S. Forest Service’s Pacific Northwest Research Station.…

WFP Positioning For The Future With First Step In Capital Plan

Western Forest Products Inc. recently announced the first project in their capital plan: a $16 million investment in the Saltair Sawmill. Western was joined by Steve Thomson, British Columbia’s Minister of Forests, Lands, and Natural…

« 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