» 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 This material may not be published, broadcast, rewritten or redistributed.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 16,128
MORTGAGES 81 81 18,637
FORECLOSURE NOTICES 23 23 2,484
BUILDING PERMITS 213 213 33,603
BANKRUPTCIES 52 52 10,366
BUSINESS LICENSES 17 17 5,320
UTILITY CONNECTIONS 29 29 6,302
MARRIAGE LICENSES 33 33 3,544