Official: Few G-P changes expected
The pending sale of Georgia-Pacific Corp. to Koch Industries,announced Sunday, is not expected to have any effect on localoperations, a company official said.
“It’s business as usual for us. We’ll continue on like we’vebeen operating,” said Johnnie Carlisle, public relations directorfor Georgia-Pacific’s Monticello mill. “We’re still going to beoperating under the G-P name.”
The 560 employees of the Monticello mill produce linerboard, thecorrugated cardboard material found inside boxes. Their productsare primarily sent on to other G-P plants, where boxes areproduced.
Some key company employees watched a live broadcast from KochIndustries officers Monday morning explaining the sale, Carlislesaid. Other employees will get the opportunity to watch recordedbroadcasts of the briefing during shift changes or meetings.
According to information presented in Monday’s briefing, KochIndustries does not intend to make sweeping changes in G-P’soperations now or in the immediate future, Carlisle said.
The two companies announced Sunday that Koch Industries wouldpurchase forest products giant Georgia-Pacific for $13.2billion.
Koch has confirmed that Georgia-Pacific will be operated as aprivately held, wholly owned subsidiary of Koch Industries and willcontinue to do business under its own name from its Atlantaheadquarters as an independently managed company.
The deal includes all assets of G-P, including its North Americaand international consumer products segments, as well as itsbuilding products, packaging and paper and bleached boardsegments.
The sale builds upon a previous transaction between the twocompanies. In May 2004, Koch acquired Georgia-Pacific operations inNew Augusta, Miss., and Brunswick, Ga. After the sale is complete,those facilities will be reintegrated into the Georgia-Pacificdivision.