US International Paper completes sale of Temple-Inland division

19 July 2013 16:35  [Source: ICIS news]

HOUSTON (ICIS)--US-based pulp and paper products major International Paper has finalised the sale of its Temple-Inland Building Productions division to Georgia-Pacific Building Products for $70m (€53m), International Paper announced on Friday.

The Temple-Inland division includes 15 manufacturing facilities located across eight states, primarily in the southeastern and eastern portion of the U.S.; five solid wood mills; four particleboard plants; two fiberboard plants; and four gypsum wallboard plants.

Many of Temple-Inland’s products are used in the US home construction industry, which is a primary consumer market for products derived from petrochemicals. Pulp and paper is also a key consumer of caustic soda.

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($1 = €0.76)

By: Ken Fountain

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