International Paper Company acquires Temple-Inland

May 5th 2012

International Paper Company, a global paper packaging company, has announced that it has completed the acquisition of Temple-Inland Inc., a manufacturer of corrugated cardboard packaging, through the merger of its subsidiary Metal Inc. with Temple-Inland. Following the acquisition, Temple-Inland common stock has been delisted from the New York Stock Exchange. International Paper President and CEO John Faraci said: “We are very pleased to have completed this transaction. The combination of International Paper and Temple Inland strengthens our North American packaging business. "

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