The purchase price for Caraustar's interest was $150 million and the assumption of Caraustar's portion of joint venture indebtedness in the amount of $28 million.
Kenneth Jastrow II, Temple-Inland’s chairman and CEO, said, "We are pleased with this acquisition as these operations are low cost and located near some of the fastest growing markets in the South. Our gypsum business, including these facilities, has generated very good earnings and returns for Temple-Inland shareholders."
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