Printer Friendly

GEORGIA-PACIFIC INTENDS TO SELL ROOFING MANUFACTURING BUSINESS

 ATLANTA, Nov. 16 ~PRNewswire~ -- Georgia-Pacific Corp. (NYSE: G P) today announced its intention to sell the company's roofing manufacturing business.
 Georgia-Pacific will begin marketing the business immediately.
 "We have evaluated these assets and determined it is not in the company's long-term best interest to continue to own them. We were a major distributor of roofing products before we became a manufacturer, and we intend to continue as a major distributor of roofing products," A.D. "Pete" Correll, Georgia-Pacific's president and chief operating officer, said. "Georgia-Pacific intends to arrange for at least a one- year supply agreement with the buyer to ensure a supply of quality roofing products for the Distribution Division's customers. This divestiture is part of Georgia-Pacific's continuous review of assets based on long-term strategic fit," Correll concluded.
 The assets involved in a potential transaction include roofing plants at Ardmore, Okla.; Daingerfield, Texas; Franklin, Ohio; Hampton, Ga.; and Quakertown, Pa.
 -0- 11~16~92
 ~CONTACT: Sheila Weidman of Georgia-Pacific, 404-521-4732~
 (GP)


CO: Georgia-Pacific Corporation ST: Georgia IN: PAP SU:

EA-CF -- AT012 -- 1266 11~16~92 12:10 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 16, 1992
Words:179
Previous Article:EPA TO CONDUCT SAMPLING AT THE SOUTHERN AGRICULTURAL CHEMICALS SITE IN KINGSTREE, S.C.
Next Article:OLDSMOBILE ACHIEVA WINS SCCA AND IMSA CHAMPIONSHIPS
Topics:


Related Articles
GEORGIA-PACIFIC IS PLEASED FLORIDA ATTORNEY GENERAL FOUND COMPANY ACTED RESPONSIBLY
GEORGIA-PACIFIC REACHES AGREEMENT IN SALE OF ROOFING MANUFACTURING BUSINESS
GEORGIA-PACIFIC RECEIVES TERMINATION NOTICE IN SALE OF ROOFING MANUFACTURING BUSINESS
Georgia-Pacific to sell roofing business.
Georgia-Pacific to sell roofing business to GAF.
GEORGIA-PACIFIC REACHES AGREEMENT IN SALE OF ROOFING MANUFACTURING BUSINESS
GEORGIA-PACIFIC COMPLETES SALE OF ROOFING MANUFACTURING BUSINESS
JURY FINDS IN GEORGIA-PACIFIC'S FAVOR AGAINST U.S. GYPSUM IN PATENT INFRINGEMENT CASE
Georgia-Pacific To Explore Strategic Alternatives For Its Building Products Distribution Business.
Georgia-Pacific Files Patent Infringement Suit Against BPB America.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters