Articles > Popular publications > PR Newswire press releases > April-June 1996 > Tuesday, April 2

Article: CARAUSTAR INDUSTRIES, INC. AND TEMPLE-INLAND INC. ANNOUNCE JOINT VENTURE

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PR Newswire
Article date:
April 2, 1996
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AUSTELL, Ga., April 2 /PRNewswire/ -- Caraustar Industries, Inc. (Nasdaq-NNM: CSAR) and Temple-Inland Inc. (NYSE: TIN) today announced that their new joint venture, Standard Gypsum L.L.C., has acquired substantially all of the assets of Caraustar's wallboard plant in McQueeney, Texas and gypsum quarry in Fredericksburg, Texas. Temple- Inland Forest Products Corporation and Caraustar are equal partners in the joint venture.

Under the terms of the joint venture agreement, Temple-Inland will manage the Standard Gypsum wallboard manufacturing facility and the gypsum rock quarry, and be responsible for marketing. Caraustar will continue to supply all of the gypsum ... 







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