Georgia-Pacific has completed the acquisition of the Alabama River and Alabama Pine pulp mills located in Perdue Hill, from Parsons & Whittemore.
The purchase also includes Alabama River Woodlands, the tall oil plant, biodiesel plant, the chip mills at Elba and Jackson’s Gap, and a pulpwood yard at Demopolis, Ala. Terms of the deal were not disclosed.
GP Cellulose will operate the pulp facilities as a single Alabama River Cellulose mill, continuing to run both production lines manufacturing hardwood and softwood pulps. As announced earlier, a fluff conversion project currently under way will continue.
Georgia-Pacific president Pat Boushka said that they look forward to integrate the Alabama River Group operations into their GP Cellulose business.
“This is a great operation that will complement our existing mills. Our goal is for a seamless transition and we are confident this strategic investment will add long-term value for our business, our customers and the communities where we operate,” Boushka added.
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.