In Brief: Temple-Inland ClosesPurchase of Knutson

Temple-Inland Mortgage Corp. completed its acquisition of Knutson Mortgage Corp., a mortgage bank based in Bloomington, Minn.

The sale was announced in March. Knutson had been owned by KMC Management Corp., a partnership of the Minneapolis-based venture capital firm Goldner Hawn Johnson & Morrison and Chase Manhattan Bank's venture capital unit.

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