date:Jun 05, 2012
rder to increase the market price.
IP sold its own mill in Oxnard (Hueneme), California and the former Temple-Inland mill in Ontario, California to New-Indy Containerboard, a newly formed joint company of The Kraft Group and Schwarz Partners.
It sold the former Temple-Inland New Johnsonville, Tennessee mill to Hood Companies.
All cash deal
Tom Ryan, senior manager of public relations, executive and employee communications at International Paper, told FoodProductionDaily.com the all-cash deal