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GEORGIA-PACIFIC AND BORREGAARD TERMINATE NEGOTIATIONS FOR BELLINGHAM LIGNOSULFONATE AND ALCOHOL PLANTS

 ATLANTA, Feb. 26 /PRNewswire/ -- Georgia-Pacific Corp. (NYSE: GP) today announced that Borregaard Industries Limited and Georgia-Pacific have decided to terminate negotiations for Borregaard to purchase the company's lignosulfonate and alcohol processing operations at Bellingham, Wash.
 The company cited regulatory delays at the Federal Trade Commission as the primary reason for terminating the negotiations.
 Georgia-Pacific had announced Oct. 9, 1992, that it had reached an agreement in principle for Borregaard to purchase the operations.
 Georgia-Pacific will continue to own and operate the facilities.
 -0- 2/26/93
 /CONTACT: Sheila Weidman, 404-521-4732, or Orman Darby, 206-676-7205, both of Georgia-Pacific Corporation/
 (GP)


CO: Georgia-Pacific Corporation; Borregaard Industries Limited ST: Georgia, Washington IN: PAP SU:

BR-RA -- AT009 -- 1044 02/26/93 17:46 EST
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Publication:PR Newswire
Date:Feb 26, 1993
Words:120
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