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VOL. 127 | NO. 33 | Friday, February 17, 2012

International Paper Buys Mill From Temple-Inland

AP

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BOGALUSA, La. (AP) International Paper Co. is now officially the fifth owner of a paper mill opened in Bogalusa in 1906.

Company spokesman Thomas Ryan tells The Daily News (Bogalusa, La.) that International Paper believes it has acquired excellent assets from Temple-Inland Inc., and the Bogalusa mill is one of them.

Temporary signs reading "International Paper" were put up over Temple-Inland signs on the box plant on Monday, the day the $3.7 billion purchase became final.

Three days earlier, IP had settled U.S. Department of Justice antitrust objections by agreeing to sell Temple-Inland mills in Ontario, Calif., and New Johnsonville, Tenn., and International Paper's Hueneme, Calif., facility.

A statement from the department said that, as originally proposed, the deal would have given the combined company about 37 percent of North American containerboard capacity.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 76 166 10,044
MORTGAGES 105 195 13,070
FORECLOSURE NOTICES 0 35 2,573
BUILDING PERMITS 0 154 23,678
BANKRUPTCIES 79 149 9,682
BUSINESS LICENSES 42 51 3,654
UTILITY CONNECTIONS 103 264 14,227
MARRIAGE LICENSES 0 24 3,087

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