LP will buy Vancouver-based Ainsworth Lumber Co. for $1.1 billion, the companies announced today. More
Home Depot's pro sales grow as material prices and a recovering housing market raise revenues at timber, gypsum product makers More
Boise Cascade raised $247 million in an initial public offering this week, beating its own initial valuation of $212 million. More
Georgia Pacific will buy the building-products division of International Paper's Temple-Inland as IP pursues the packaging business. More
Engineered wood-products maker and distributor Boise Cascade says it will use the funds to improve its working capital, finance acquisitions, and boost production capacity. More
An uptick in housing starts is improving demand for wood products, Boise Cascade reported today, announcing a three-fold EBITDA increase from a year earlier at $36.8 million on sales of $764.6 million, up 22% for the same period. More
Operating income rose at Plum Creek timber and manufacturing segments in the second quarter from the year-earlier period, but reduced revenues and income in the real estate section caused net profit to slid 18.2% to $36 million, the company reported today. More
West Fraser's lumber and panels segments both swung to a loss in the fourth quarter from the year-earlier period. More
International Paper Co. (IP) completed its acquisition of Temple-Inland after receiving clearance from the federal Justice Department. As part of the clearance agreement, IP promised to divest two Temple-Inland facilities and one of its own plants. IP will also pay $32 per share of Temple-Inland stock and take on approximately $700 million of the company's debt. More
International Paper Co. won the federal Justice Department's clearance to acquire Temple-Inland Inc. after promising to divest two Temple-Inland faciities and an IP plant. More
