| Georgia Pacific |
Article Index for Georgia |
Articles about Georgia-pacific |
Information AboutGeorgia Pacific |
Georgia-Pacific LLC. is an American Pulp And Paper company based in Atlanta, Georgia , and is one of the world's leading manufacturers and distributors of Tissue , Pulp , Paper , packaging, building products and related chemicals. It has over 55,000 employees at 300 facilities in the United States , Canada and many other countries. HISTORY Georgia-Pacific was founded by Owen Robertson Cheatham in 1927 in Augusta, Georgia as the Georgia Hardwood Lumber Co. Over the years it expanded, adding Sawmill s and Plywood lumber mills. In 1956 the company changed its name to Georgia-Pacific Corp. In 1957 the company entered the pulp and paper business by building a Kraft Pulp and Linerboard mill at Toledo, Oregon . The company continued to make acquisitions, including '''Great Northern Nekoosa Corp.''' in 1990 and the '''Fort James Corp.''' in 2000. In August 2001, Georgia-Pacific completed the sale of four uncoated paper mills and their associated businesses and assets to Canadian papermaker Domtar for US$1.65 billion. The Georgia-Pacific Tower in Atlanta houses the company's headquarters. It was announced on November 13 , 2005 that it would be acquired by Koch Industries . [http://www.kochnews.com/employee/news_release122305.asp On December 23 , 2005 , Koch Industries finalized the $21 billion acquisition of Georgia-Pacific. Georgia-Pacific was removed from the NYSE (it had traded under the symbol GP) and shareholders surrendered their shares for about $48/share. ENVIRONMENTAL RECORD Researchers at the , the United States Environmental Protection Agency announced legal agreements among the EPA, Michigan , Georgia-Pacific, and Millennium Holdings requiring the companies to clean up an estimated $21,000,000 worth of environmental damage to the Plainwell Impoundment Area. Another settlement required an additional $15,000,000 of environmental work on the Kalamazoo River Superfund site. Environmental Protection Agency . REFERENCES EXTERNAL LINKS |
|||||||||||||||
|
|