temple-inland

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.

Woodworking Industry News

Temple-Inland posts $4 million Q1 loss

AUSTIN, TX - Temple-Inland Inc. reported a first quarter 2010 net loss of $4 million. Doyle Simons, chairman and CEO of Temple-Inland Inc., said, "We executed well in the quarter despite challenging conditions due to the extreme weather and rising input costs.