International Paper Masonite Siding

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International paper masonite siding. The international paper company the biggest maker of forestry products and paper agreed yesterday to sell its masonite corporation building products unit to premdor inc. Homeowners were able to collect damages through 2008. Although masonite is phasing out production of hardboard siding products international paper will continue to make these products available to qualified claimants for repair and replacement purposes under the terms of a 1998 legal settlement. International paper also settled three nationwide lawsuits brought against the company in recent years alleging that various siding and roofing materials produced by masonite failed prematurely or.

Canadian international paper subsidiary is sold to help fund a major plant modernization program in the united states. In 1996 international paper ip lost a class action suit brought by homeowners whose masonite siding had deteriorated. Said it agreed to pay as much as 197 5 million to settle a class action lawsuit alleging that exterior siding made by its masonite corp. This caused international paper owners of masonite brand siding in the 1990 s to lose a class action lawsuit in 1996 for selling defective building materials.

1998 lieff cabraser served as co lead class counsel on behalf of a nationwide class of an estimated 4 million homeowners with allegedly defective hardboard siding manufactured and sold by masonite corporation a subsidiary of international paper installed on their homes. But as exterior siding it is inappropriate. Masonite siding was a nature solution because it was high density. Masonite corporation is.

Over 1 billion settlement year. A state court jury found that certain hardboard siding made by international paper co. Hammermill paper company is acquired. Of canada for 523 million.

The decision ends the first phase of the trial in a. A new international paper company is incorporated to acquire the assets of international paper power and to signal the new focus on paper.