The on again off again merger agreement between Temple-Inland (TIN) and Gaylord Container Corporation (GCR) , was as of this date, on again and scheduled to close February 19, 2002. McCory Corporation industry
estimates show Temple-Inland with 8.5% market share and Gaylord with 3.0%. See "Corrugated Containers Market Profile." A combination would continue the industry consolidation that may not be in
the best interest of corrugated buyers. See Corrugated Industry Consolidation - Is it Good for You?
On this same date, Willamette has accepted Weyerhaeuser's sweetened deal in what may be the last of a series of events in a bitter takenover battle. As reported earlier by McCoy Corporation, the merger would yield a company with
14% market share. These two consolidations involve four of the top ten corrugated industry concerns and promise to dramatically change the profile of what has been a very fragmented industry to one where four
companies share over 50 share of market. |
