Monday, November 14, 2005

Georgia Pacific Sold

Koch Purchased the paper and lumber assets of Georgia Pacific for $13.2billion. This acquisition includes Dixie paper cups, cardboard boxes and lumber plants. The purchase comes after Koch, in May 2004, acquired two mills in Brunswick, Georgia, and New Augusta, Mississippi, from Georgia-Pacific for $610 million. The mills make fluff pulp used in diapers, baby wipes and sanitary products.
Koch Industries has concentrated on oil refining and pipelines, engineering businesses and ranching. It now has interests in chemicals, fertilizer and asphalt.

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