MEMPHIS, TN -- International Paper, a manufacturer and distributor of forest products, has completed the sale of 13 lumber mills to West Fraser Timber Co. for approximately $325 million. The transaction includes lumber mills in Citronelle, Maplesville and Opelika, AL; Leola, AR; McDavid and Whitehouse, FL; Augusta and Folkston, GA; Armour and Seaboard, NC; Newberry, SC; and New Boston and Henderson, TX. The mills employ approximately 2,200 people. Read more.
Have something to say? Share your thoughts with us in the comments below.