International Paper.INTERNATIONAL PAPER (IP), Stamford, Connecticut, USA has announced a definitive agreement to sell its Maine and New Hampshire New Hampshire, one of the New England states of the NE United States. It is bordered by Massachusetts (S), Vermont, with the Connecticut R. forming the boundary (W), the Canadian province of Quebec (NW), and Maine and a short strip of the Atlantic Ocean (E). forestlands, totaling approximately 1.1 million acres, to GMO GMO abbr. genetically modified organism Renewable Resources, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (GMORR), Boston, Massachusetts for approximately US$ 250 million. The sale is expected to be complete by the first quarter 2005. IP and GMORR have agreed to a long-term wood fiber supply agreement to continue the flow of fiber to IP's paper mills in Jay and Bucksport, Maine. The companies have also agreed to a long-term management contract by which IP will provide forest management services, including third-party certification to the Sustainable Forestry Initiative The Sustainable Forestry Initiative is a program to certify forests to insure they are being managed in a sustainable manner. SFI was started in 1994 by members of the American Forest and Paper Association. Standard. |
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