Georgia-Pacific to Acquire Slovakia-Based Delis.ATLANTA & LONDON -- Georgia-Pacific Corp. today announced that it has entered into an agreement with the owners of Delis, s.r.o., a Slovakia-based manufacturer of away-from-home paper consumer products, for the acquisition of Delis. The transaction is expected to be completed in January 2006. Purchase price is not being disclosed. The acquisition includes all shares of Delis, as well as all shares of Rozis, a related company also based in Slovakia. The operations will become part of Georgia-Pacific's international consumer products unit and its pan-European away-from-home business. Delis converts paper products, primarily napkins, for the away-from-home market. Rozis produces hand towels and paper coasters. Delis and Rozis market most of their products through distributors to the professional, away-from-home channel, including restaurants, hotels and large corporations based in Slovakia, Czech Republic Czech Republic, Czech Česká Republika (2005 est. pop. 10,241,000), republic, 29,677 sq mi (78,864 sq km), central Europe. It is bordered by Slovakia on the east, Austria on the south, Germany on the west, and Poland on the north. , Hungary, Germany and Austria. All of the 100 employees at Delis and Rozis, including the current management team, are expected to continue to operate the facility and manage all operations and functions. "We welcome the talented employees from Delis and Rozis to Georgia-Pacific," said William Schultz, president - International Consumer Products for Georgia-Pacific. "These efficient operations are a perfect fit with our ongoing strategy to expand our international consumer products business boundaries into countries contiguous to our current operations." Hans Wijn, general manager - Central Europe Central Europe is the region lying between the variously and vaguely defined areas of Eastern and Western Europe. In addition, Northern, Southern and Southeastern Europe may variously delimit or overlap into Central Europe. for Georgia-Pacific, added, "Delis provides a strong foothold foot·hold n. 1. A place providing support for the foot in climbing or standing. 2. A firm or secure position that provides a base for further advancement. foothold Noun 1. for us as we expand our business into Eastern Europe Eastern Europe The countries of eastern Europe, especially those that were allied with the USSR in the Warsaw Pact, which was established in 1955 and dissolved in 1991. . The company currently sells a range of products that fit nicely with our current portfolio of away-from-home products. This acquisition allows us to better serve our existing customers, helps us expand into new territories, and provides a strong platform for further investments and growth." Lubor Benkovic, founder of both companies, said, "We believe becoming a part of Georgia-Pacific provides many benefits for our customers and our employees. The opportunity for future growth and expansion will accelerate with the technological and investment capability of Georgia-Pacific." Headquartered at Atlanta (U.S.), Georgia-Pacific is one of the world's leading manufacturers and marketers of tissue, packaging, paper, building products, and related chemicals. With 2004 annual sales of $20 billion, the company employs approximately 55,000 people at 300 locations in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and Europe. In Europe, the company's away-from-home brands include Lotus Professional(R), enMotion(R) touchless dispensers and JustOne(R) napkins. Its familiar consumer tissue brands include Lotus(R), Colhogar(R), Delica(R), Tenderly(R), Nouvelle(R), and the Vania(R) brand of personal care products in Europe, as well as Quilted quilt n. 1. A coverlet or blanket made of two layers of fabric with a layer of cotton, wool, feathers, or down in between, all stitched firmly together, usually in a decorative crisscross design. 2. Northern(R), Angel Soft(R), Brawny brawn·y adj. 1. Strong and muscular. 2. Hardened; calloused. (R), Sparkle See SPARQL. (R), Vanity Vanity See also Conceit, Egotism. Barnabas, Parson conceited and weak clergyman. [Br. Lit.: Joseph Andrews] Bottom, Nick self-important weaver. Fair(R), and the Dixie(R) brand of tableware in North America. For more information, visit www.gp.com. |
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