Georgia-Pacific Completes Asset Acquisition of Chip Mill in Bernice, Louisiana

The Bernice chip mill produces "clean chips" from logs that have been debarked before the chipping process, and are used to make paper products.

June 10, 2014 - Georgia-Pacific today announced it has completed the acquisition of a chip mill in Bernice, Louisiana, from Hunt Forest Products, Inc., headquartered in Ruston, Louisiana for an undisclosed price.

"We view this acquisition as a long-term investment that expands our access to wood and fiber supply in the region," said Mike Adams, senior vice president of sourcing for Georgia-Pacific. "The Bernice chip mill is a quality asset with a team of talented employees and will fit well into our existing sourcing operations."

The Bernice chip mill produces "clean chips" from logs that have been debarked before the chipping process, and are used to make paper products.

Georgia-Pacific currently operates three facilities in Louisiana, in addition to a wood and supply office at Port Hudson. The company employs approximately 1,350 people directly in the state, with total compensation and benefits for Louisiana employees totalling approximately $110 million.

Based in Atlanta, Georgia-Pacific and its subsidiaries are among the world's leading manufacturers and marketers of bath tissue, paper towels and napkins, tableware, paper-based packaging, office papers, cellulose, specialty fibers, nonwoven fabrics, building products and related chemicals. To learn more, please visit: www.gp.com.

SOURCE: Georgia-Pacific