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lP Sells LBM Division to G-P

To better focus on its packaging business, International Paper, Memphis, Tn., has agreed to sell its Temple-Inland Building Products division to Georgia-Pacific, Atlanta, Ga., for $750 million cash.

The unit includes 16 manufacturing plants-five sawmills, four particleboard plants, two MDF facilities, one fiberboard mill, and four gypsum wallboard plants in eight states, primarily in the South and East-that IP acquired last year as part of its $3.7billion takeover of Temple-Inland, Diboll, Tx.

"While not core to IP's strategy, Temple-Inland Building Products is an industry leader," said John Faraci, IP chairman and c.e.o. "I am pleased to have reached a deal that recognizes the strength of the business and provides excellent value for IP shareowners."

The deal is expected to close in the first quarter.

Harvey Files Chapter 11

Harvey Lumber Co., Columbus, Ga., has filed for Chapter I I bankruptcy protection, listing $2 million in assets and over $5 million in debt.

Founded in 1863, the chain operates yards in Columbus and Phenix City, Al. It had as many as six locations at the height of the housing market.

At the time, Harvey employed 165. It was down to 57 at the time of the bankruptcy filing, before temporarily furloughing | 7 workers.

"The remaining employees, from top management down, have agreed to significant reductions in compensation to aid in the process," said president and c.e.o. Bailey Gross. "Harvey's hope is that the furloughed employees can be returned to regular employment, sooner rather than later."

Maine's Pleasant River Buys Former Lavalley Mill

Pleasant River Lumber, DoverFoxcroft, Me., has purchased New England Building Materials' sawmill in Sanford, Me., and will market production under the trade name Pleasant River Pine.

The Sanford mill has an annual capacity of 20 million bd. ft. of eastern white pine, joining the l5 million ft. of eastern pine Pleasant River produces annually in Hancock, Me., and 100 million ft. of SPF in Dover-Foxcroft.

The sawmill had operated as

Lavalley Lumber until 2009, when the company changed its name to NEBM after purchasing three former Stock Building Supply yards. One year ago, NEBM filed for Chapter 1l bankruptcy and sold its last retail operation-in Sanford-to Deering Lumber, Biddeford, Me.

New York Dealer Regroups

Martha Rezin is winding down 75year-old Schwalbach Building Supplies, Marspeth, N.Y., and "regrouping" as a new company with new paftner Scott Rogener.

The facility is being remodeled and restocked to allow the newly named Village Lumber & Masonry Supplies to offer more masonry products and a wider selection of lumber and panel products.

Sherwood Grows in Florida

Sherwood Lumber is expanding operations at its Tampa, Fl., office as its adds new products and recruits new salespeople.

Relocating to Tampa to head the expansion are East Coast regional sales mgr. Bob Kruse, from the Islandia, N.Y., office, and plywood mgr. Dean Harnell, from the Chicago, Il., office.