International Paper Selling Lumber Unit To Georgia-Pacific
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.
Latest News
TP&EE Announces 2026 Show Dates; Exhibitor Renewal Program
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Organizers of the Timber Processing & Energy Expo (TP&EE) announced that the exhibitor renewal program begins this April for the biennial event, to be held September 23-25, 2026 at the Portland…
Chris Brown Assumes Role As Mid-South President
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Mid-South Engineering recently bid a happy retirement to President Marc Stewart after 27 years with the company. “Leaving my daily interactions with this team leaves a Mid-South-logo-shaped hole in my heart,”…
U.S. Lumber Coalition Sends Letter Highlighting Trade Law Enforcement Success
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); In a letter to President Trump, the U.S. Lumber Coalition highlights the great success of the enforcement of the U.S. trade laws that has added 8 billion BF of production capacity…
Canfor Hosts Open House At New Alabama Sawmill
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Canfor Southern Pine held an opening ceremony in early February at its new $210 million, 250MMBF annual production capacity southern yellow pine sawmill in Axis, Ala., about 20 miles north of…
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.