Georgia-Pacific adds a continuous dry kiln at its Dudley, NC., lumber operations in a $9 million launch of a multi-phase production capacity expansion. Driven by the housing recovery, a total $90 million investment is studied.
By Bill Esler
Weyerhaeuser Company (NYSE: WY) announced June 16 its board of directors has elected Doyle Simons, age 49, president and chief executive officer, effective August 1, 2013.
International Paper (NYSE: IP) today announced that it has reached an agreement to sell its Temple-Inland Building Products division to Georgia-Pacific LLC for $750 million in cash, subject to certain pre-and post-closing adjustments
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.
The impending merger of International Paper Co. and Temple-Inland has been postponed for nearly a month, giving the U.S. Department of Justice more time to conclude its regulatory review.
MEMPHIS, Tenn., -- International Paper Company (NYSE: IP) and Temple-Inland Inc. (NYSE: TIN) today announced that they have agreed with the U.S. Department of Justice ("DOJ") to extend the review period for their pending merger until January 27, 2012.
International Paper will soon be back in the composite panel business following the overwhelming approval of a merger agreement by Temple-Inland stockholders.