Wiegner, Kathleen K., “A Tale of Two Companies,” Forbes, March 6, 1978. 0000000016 00000 n
To ease this concern, the company took out a two-page ad in national magazines to convey the message that the company had significant cash flow to pay down its debt and had laid the groundwork for a strong future.
In Hahn’s opinion the acquisition would enable Georgia-Pacific to add manufacturing capability at less expense than by building its own plants. Fort James’s key products included Brawny paper towels, Quilted Northern bathroom tissue, Vanity Fair napkins, and Dixie plates, cups, and cutlery. When he became chairman and chief executive officer one year later, following Flowerree’s early retirement, he faced several serious problems. Telephone: (503) 221-0800
Georgia-Pacific says it limits its investments either to businesses with higher returns, such as gypsum and tissue, or to projects that dramatically lower costs or improve efficiency.
. Terhune, Chad, “Georgia-Pacific Hopes Its Streak of Bad Luck Will End,” Wall Street Journal, January 28, 2002, p. B3. U.S.A. Their small family-owned company grew to become Sierra Pacific Industries, which … Its growing tissue products business makes napkins, bath tissue, and paper towels, marketed under the consumer brand names Angel Soft, Sparkle, Coronet, MD, and Delta. Telephone: (770) 395-4500 When prices for paper and wood products are high, so are company sales and profits. Georgia-Pacific’s bleached pulp and paper segment holds the number two position in North America in communications paper and the number three position in market pulp.
Its most controversial purchase, however, commenced in 1989 with an offer to buy Great Northern Nekoosa Corp of Connecticut, a competing producer of pulp, paper, containerboard, lumber, and plywood. Georgia-Pacific Corporation is one of the world's leading manufacturers and distributors of building products. Lumber prices had been rising to record highs since October, and industry analysts expect the growth to continue. Georgia-Pacific assumed a significant amount of debt as a result, but was able to eliminate part of the burden through the subsequent sale of several mills and some timberland to Tenneco, the John Hancock Mutual Life Insurance Company, and the Metropolitan Life Insurance Company. Other elements of Hahn’s turnaround strategy included further decentralization of the company’s operations, which forced plant Fir trees are seen in various stages of growth in two former clear-cut sections of land owned by Sierra Pacific Industries near Georgetown, Calif., Tuesday, May 23, 2000. Inc.; Georgia-Pacific Export, Inc.; Georgia-Pacific Foreign Sales Corporation; Georgia-Pacific Leasing Corporation; Georgia-Pacific Paper Sales, Inc.; Gloster Southern Railroad Company; Great Northern Nekoosa Corporation; Hudson Pulp & Paper Corporation; Phoenix Athletic Club, Inc.; Saint Croix Water Power Company (Canada); The Sprague’s Falls Manufacturing
In 1995 Georgia-Pacific introduced its Environmental Excellence Awards to recognize the company's environmental successes and to encourage ongoing progress. That is enough power for 125,000 homes. The company also announced plans to sell 8 of its 9 major millwork-fabrication plants, which assemble doors, windows, and similar products. Georgia-Pacific's building products division's net sales of $7.5 billion were up slightly from $7.4 billion the previous year.
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