International Paper to sell Temple-Inland building products business

Thu Dec 13, 2012 9:30am EST

Dec 13 (Reuters) - International Paper Co said it will sell its Temple-Inland building products business to Georgia-Pacific LLC for $750 million in cash.

The assets to be sold include 16 manufacturing facilities, located primarily in southeastern and eastern United States.

International Paper had earmarked the Temple-Inland building products division for sale since it bought smaller rival Temple-Inland earlier this year.

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