Georgia-Pacific Receives Investment Canada Approval for Grant Forest Products' Englehart and Earlton Facilities.
ATLANTA, April 19 /PRNewswire/ -- Georgia-Pacific received approval late Friday from the Minister of Industry for the acquisition of Grant Forest Products' Englehart and Earlton, Ontario facilities. The Minister reviews significant foreign investments in Canada to determine their likely net benefit to Canada. This follows earlier approvals of the acquisition by the Canadian court overseeing the Grant Forest Products Companies' Creditors Arrangement Act filing, the Canadian Competition Bureau and the United States Federal Trade Commission (FTC). Further approval is pending in US bankruptcy court.
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Georgia-Pacific plans to continue operations at Englehart without any major changes in employment levels. Georgia-Pacific will source all timber for Canadian operations from Canadian forests using Canadian-based logging contractors; it will take steps to promote sustainable forestry practices; it will make efforts to expand sales to a broader range of customers; and it also will make substantial investments in the Englehart facility to enhance its competitiveness.
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 more than 40,000 people at more than 300 locations in North America, South America and Europe. Georgia-Pacific creates long-term value by using resources efficiently to provide innovative products and solutions that meet the needs of customers and society, while operating in a manner that is environmentally and socially responsible and economically sound. The company 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, with brands such as Plytanium plywood, DryPly water repellent plywood, Ply-Bead panels and Wood I Beam(TM) and XJ 85(TM) joists offered by Georgia-Pacific Wood Products LLC. DensArmor Plus interior panels, DensGlass Sheathing and ToughRock drywall are offered by Georgia-Pacific Gypsum LLC. The familiar consumer tissue brands of Georgia-Pacific Consumer Products LP include Quilted Northern, Angel Soft, Brawny, Sparkle, Soft 'n Gentle, Mardi Gras, So-Dri and Vanity Fair. Dixie Consumer Products LLC, a Georgia-Pacific company, manufactures the Dixie brand of tabletop products. For more information, visit www.gp.com
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|Date:||Apr 19, 2010|
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