IP sells off another 275,000 acres April
2006 – Stamford (CT): International Paper has signed a $137 million
agreement with The Lyme Timber Co for the sale of about 275,000 acres
of land in New York’s Adirondack Park to benefit the Lyme Forest
Fund.The sale is part of IP’s previously announced plan to sell 5.7
million of its 6.3 million acres of US forestland for the approximate
price of $6.6 million.