International Paper Masonite Siding

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.

International paper masonite siding.

The jury found that ip s masonite siding was defective. Hammermill paper company is acquired. A new international paper company is incorporated to acquire the assets of international paper power and to signal the new focus on paper. Masonite siding was a nature solution because it was high density.

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. 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. 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.

Over 1 billion settlement year. The decision ends the first phase of the trial in a. Masonite corporation is. But as exterior siding it is inappropriate.

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. Of canada for 523 million. Masonite swells and rots over time when exposed to the elements and may prematurely deteriorate when it is used as exterior siding.

And international paper co no. 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.