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DOJ orders divestitures of three mills for International Paper’s acquisition of Temple-Inland

 |  February 12, 2012

The DOJ will allow the $4.3 billion aquisition of Temple-Inland by International Paper following its approval divestitures of three containerboard mills. The proposed merger is between the largest and third-largest producers of containerboard in North America: International Paper and Temple-Inland, respectively. The DOJ determined that the acquisition without the divestitures would substantially diminish competition for containerboard, used to make corrugated boxes. Sharis Pozen noted that such boxes are used to ship more than 90 percent of goods around the United States.

Source: DOJ Press Release