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Chemical Week Magazine :: Business & Finance :: United States/Americas

Georgia-Pacific to acquire chemical cellulose firm

5:19 AM MDT | May 3, 2013 | ‚ÄĒFrancinia Protti-Alvarez

Georgia-Pacific (Atlanta), owned by Koch Industries, plans to acquire Buckeye Technologies (Memphis, TN) in a $1.5-billion deal including debt, the companies have announced. The deal would move Georgia-Pacific, a paper company, into the specialty fibers market. Buckeye Technologies‚Äô competitive assets and capabilities ‚Äústrongly complement‚ÄĚ Georgia-Pacific‚Äôs existing cellulose business and products, says Jim Hannan, CEO and president of Georgia-Pacific. Buckeye‚Äôs portfolio of specialty fibers includes chemical cellulose, which provides greater strength...

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