GAYLORD BUYS PLANTS FROM FIBREBOARD

GAYLORD BUYS PLANTS FROM FIBREBOARD

Gaylord Container Corp. has acquired four plants and related inventories of the Container Products division of Fibreboard Corp., a subsidiary of Louisiana-Pacific Corp., for approximately $156 million.

Included in the acquisition were a containerboard mill and corrugated container plant in Antioch, Calif.; container plants in Phoenix, Ariz., and Sacramento, Calif.; plus inventories at the four facilities.Gaylord is a major producer of corrugated boxes, linerboard and corrugating medium. Marvin A. Pomerantz, chairman and chief executive officer, said the acquisition of the Fibreboard assets is part of the company's strategy of becoming a major factor in the containerboard and corrugated packaging industries.