composite panels

Woodworking Industry News

IP, Temple-Inland reach purchase agreement

International Paper announced it has reached a definitive merger agreement with Temple-Inland Inc. and will acquire all of the composite panel and packaging manufacturer's outstanding common stock for $32.00 per share in cash, plus the assumption of $600 million in Temple-Inland's year-end debt. The total transaction value is approximately $4.3 billion.

New BCAP Rule Elicits Sighs of Relief

One of the main sticking points for industry — that wood chips were not recognized as being used for high-value products — has been eliminated under the final Biomass Crop Assistance Program rule, announced on Oct. 21.