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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 This material may not be published, broadcast, rewritten or redistributed.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 73 391 11,120
MORTGAGES 88 481 13,903
FORECLOSURE NOTICES 0 0 2,278
BUILDING PERMITS 198 969 24,034
BANKRUPTCIES 54 288 8,432
BUSINESS LICENSES 29 126 3,771
UTILITY CONNECTIONS 67 536 13,457
MARRIAGE LICENSES 17 103 3,031

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