When was Georgia-Pacific founded and by whom?
Owen Robertson Cheatham established the company on the 22nd of September 1927 in Augusta, Georgia. He purchased a wholesale hardwood lumber yard to launch this new venture.
Questions about Georgia-Pacific
Short answers, pulled from the story.
Who acquired Georgia-Pacific in 2005 and for how much money?
Koch Industries finalized the acquisition of Georgia-Pacific on the 23rd of December 2005 when Koch paid $21 billion to purchase the company. Shareholders surrendered their shares for approximately $48 per share during this transaction.
What brands does Georgia-Pacific own today?
Angel Soft and Quilted Northern serve as toilet paper and facial tissue brands while Sparkle and Brawny operate as paper towel brands for consumers. Blue Ribbon, Clutter Cutter, DensArmor Plus, and DensDeck function as building and remodeling products.
Why did Georgia-Pacific file for bankruptcy in November 2017?
A legal maneuver known as the Texas Two-Step occurred in November 2017 which divided assets and liabilities into two separate entities. Bestwall emerged as the new subsidiary housing all asbestos liabilities before the company declared bankruptcy there.
Where are the primary environmental remediation sites for Georgia-Pacific located?
Two primary remediation sites involve cleanup of polychlorinated biphenyls at the Fox River in Wisconsin and Kalamazoo River in Michigan. An agreement reached in 2007 required $21 million worth of environmental work on the Plainwell Impoundment Area.