» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
TDN Services
Research millions of people and properties [+]
Monitor any person, property or company [+]

Skip Navigation LinksHome >
VOL. 127 | NO. 33 | Friday, February 17, 2012

International Paper Buys Mill From Temple-Inland

AP

Print | Front Page | Email this story | Comments ()

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 This material may not be published, broadcast, rewritten or redistributed.

RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 67 67 19,513
MORTGAGES 68 68 22,501
FORECLOSURE NOTICES 0 0 2,922
BUILDING PERMITS 0 0 40,004
BANKRUPTCIES 57 57 12,543
BUSINESS LICENSES 17 17 6,391
UTILITY CONNECTIONS 0 0 7,395
MARRIAGE LICENSES 23 23 4,476