U.S. Bankruptcy Court Approves Georgia-Pacific Purchase of Grant Forest Products' South Carolina Facilities

Apr 27, 2010, 16:00 ET from Georgia-Pacific LLC

ATLANTA, April 27 /PRNewswire/ -- Grant Forest Products received approval late yesterday from the U.S. Bankruptcy Court in Delaware, facilitating the Georgia-Pacific acquisition of Grant's Allendale and Clarendon, S.C., facilities.   This approval was the last in a series of governmental requirements on both sides of the U.S. and Canadian borders that included approvals of the acquisition by the Canadian court overseeing the Grant Forest Products Companies' Creditors Arrangement Act filing, the Canadian Competition Bureau, the United States Federal Trade Commission (FTC) and Investment Canada.  

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With this latest approval, Georgia-Pacific expects to complete the purchase of Grant Forest Products' oriented strand board (OSB) and related facilities in Englehart and Earlton, Ontario; and Allendale and Clarendon, S.C. in the near future.

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™ and XJ 85™ 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

SOURCE Georgia-Pacific LLC