Pulp and Paper Canada

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IP sells five facilities to GP


December 24, 2006
By Pulp & Paper Canada

Georgia Pacific is buying five wood product sites from International Paper. For $237 million, GP will acquire three…

Georgia Pacific is buying five wood product sites from International Paper. For $237 million, GP will acquire three integrated complexes with plywood plants and lumber mills, a plywood plant and an engineered lumber facility.

“Our company is making long-term, strategic investments in our businesses, and we are committed to growth organically, through acquisitions and innovation,” said Joseph W. Moeller, chairman and CEO. “Investments in building products, such as this, are a key part of our strategy, and we see opportunities for growth across every Georgia-Pacific business.”

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The transactions are subject to regulatory approval, but the company anticipates the deal to close in the first half of 2007.


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