Justice Department Requires Mill Divestitures in International Paper's Acquisition of Temple-Inland

Without Divestitures Consumers Would Pay More for Containerboard and Corrugated Boxes; Divestitures Affect Mills in Central California, Tennessee and Possibly Kentucky

WASHINGTON — The Department of Justice announced today that it will require International Paper Company and Temple-Inland Inc. to divest three containerboard mills in order to proceed with their $4.3 billion merger.  The department said that the merger, as originally proposed, would have substantially lessened competition in the production and sale of containerboard, the type of paper used to make corrugated boxes, in the United States.