Georgia-Pacific Acquires Five International Paper Wood Products Facilities
Atlanta, Georgia, USA, 02 April 02 2007 -- Georgia-Pacific LLC today announced that Georgia-Pacific Wood Products South LLC has completed the purchase of five wood products sites from International Paper. The acquisition totaled approximately USD 237 million, including working capital.
"These are value-added facilities that fit strategically with our current wood products operations and we're very excited to have them in the Georgia-Pacific family," said Mike Rehwinkel, president of Georgia-Pacific's wood products business. "We're growing, and these facilities allow us to expand our geographic footprint into the important Southwest/Midwest area, further enhancing our ability to serve key customers in valuable sectors of our business. These are cost-competitive, solid operations."
The new Georgia-Pacific sites are plywood and lumber complexes at Camden, Texas; Springhill, Louisiana; and Gurdon, Arkansas; a plywood mill at Corrigan, Texas; and an engineered lumber plant at Thorsby, Alabama. Georgia-Pacific will gain an additional 2400 employees from these facilities.
Headquartered at Atlanta, Georgia-Pacific is one of the world's leading manufacturers and marketers of building products, tissue, packaging, paper, cellulose, and related chemicals. The company employs approximately 50,000 people at more than 300 locations in North America, South America, and Europe. Dixie Consumer Products LLC, a Georgia-Pacific company, manufactures the Dixie® brand of disposable cups, plates, and cutlery. Georgia-Pacific has long been among the nation's leading manufacturers and suppliers of building products to lumber and building materials dealers and large do-it-yourself warehouse retailers. For more information, visit www.gp.com.