Georgia-Pacific today announced that it has reached an agreement to acquire the assets of the Temple-Inland Building Products business from International Paper Co.
International Paper will sell its Temple-Inland Building Products division to Georgia-Pacific LLC for $750 million in cash. The transaction is expected to be completed in the first quarter of 2013.
Georgia-Pacific LLC has announced it is expanding its forest protection and sustainability efforts with an updated policy to better identify and protect endangered forests in the United States; promote conservation of forest diversity; and enhance its sustainable forestry and recycling practices.