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Georgia-Pacific Completes Asset Acquisition
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Atlanta, Georgia, USA 10 June 2014 -- /PRNewswire/ -- Georgia-Pacific today announced it has completed the acquisition of a chip mill in Bernice, La., from Hunt Forest Products, Inc., headquartered in Ruston, La., for an undisclosed price.

"We view this acquisition as a long-term investment that expands our access to wood and fiber supply in the region," said Mike Adams, senior vice president of sourcing for Georgia-Pacific. "The Bernice chip mill is a quality asset with a team of talented employees and will fit well into our existing sourcing operations."

The Bernice chip mill produces "clean chips" from logs that have been debarked before the chipping process, and are used to make paper products.

Georgia-Pacific currently operates three facilities in Louisiana, in addition to a wood and supply office at Port Hudson. The company employs approximately 1,350 people directly in the state, with total compensation and benefits for Louisiana employees totalling approximately $110 million.

Based in Atlanta, Georgia-Pacific and its subsidiaries are among the world's leading manufacturers and marketers of bath tissue, paper towels and napkins, tableware, paper-based packaging, office papers, cellulose, specialty fibers, nonwoven fabrics, building products and related chemicals.  Our familiar consumer brands include Quilted Northern®, Angel Soft®, Brawny®, enMotion®, Sparkle®, Mardi Gras® and Vanity Fair®, as well as Dixie®. Georgia-Pacific has long been a leading supplier of building products to lumber and building materials dealers and large do-it-yourself warehouse retailers. Its GP Harmon subsidiary is among the world largest recyclers of paper, metal and plastics. The company employs approximately 35,000 people directly, and creates nearly 130,000 jobs indirectly. For more information, visit: gp.com.

SOURCE  Georgia-Pacific

 


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