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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 This material may not be published, broadcast, rewritten or redistributed.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 81 218 2,605
MORTGAGES 88 310 3,629
FORECLOSURE NOTICES 0 29 811
BUILDING PERMITS 0 370 6,705
BANKRUPTCIES 67 228 2,635
BUSINESS LICENSES 34 83 1,147
UTILITY CONNECTIONS 0 284 3,726
MARRIAGE LICENSES 0 46 669

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