Georgia-Pacific, which already operates two plants in Louisiana, picked up a third with the completion of its acquisition of the Temple-Inland Building Products assets from International Paper Co.
The Atlanta company’s $710 million purchase was cleared by the U.S. Department of Justice under a federal merger review process.
The acquisition includes 15 U.S. Temple-Inland facilities with more than 1,800 employees across eight states: Alabama, Arkansas, Georgia, Louisiana, Oklahoma, Pennsylvania, Tennessee and Texas.
The facilities manufacture various building products: fiberboard, gypsum products, lumber, fiberboard and particleboard.
In Louisiana, Georgia-Pacific picked up a lumber plant in DeQuincy to add to its West Monroe corrugated box plant and a plant in Port Hudson that makes paper towels, bath tissue and printing papers, in addition to having a wood and supply office there.
“With the sale final, we are eager to combine our assets into one building products business,” said Mark Luetters, executive vice president of building products. “Temple-Inland brings high-quality assets with teams of talented employees, and we look forward to combining best practices so that we will continue to improve our ability to serve key customers.”
Georgia-Pacific employs about 35,000 people worldwide — 1,350 of them in Louisiana.