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IP completes sale of 2 mills in state.


Two Arkansas facilities were included in two recent sales by International Paper Co.

IP said it has completed the sale of 13 lumber lumber, term for timber that has been cut into boards for use as a building material. The major steps in producing lumber involve logging (the felling and preparation of timber for shipment to sawmills), sawing the logs into boards, grading the boards according to  mills to West Fraser Timber West Fraser Timber Co. Ltd. TSX: WFT is an Canadian forestry company based in Quesnel, British Columbia. In 2006 it became the second largest lumber producer in North America. External links
  • Company web site
 Co. for approximately $325 million. And it also completed the sale of five wood products mills to Georgia-Pacific Wood Products South LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
 for approximately $237 million, including working capital.

The sale of the lumber mills was announced last November, while the sale of the wood products mills was announced last December

The lumber mill transaction includes the Leola mill, while the plywood plywood, manufactured board composed of an odd number of thin sheets of wood glued together under pressure with grains of the successive layers at right angles. Laminated wood differs from plywood in that the grains of its sheets are parallel.  and lumber complex at Gurdon was included in the wood products deal.
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Article Details
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Title Annotation:Inside Business
Author:Henry, John
Publication:Arkansas Business
Date:Apr 9, 2007
Words:102
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