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Georgia-Pacific and National Packaging Solutions Group Sign Purchase Agreement

Tuesday, May 27, 2003

Press release from the issuing company

ATLANTA and RALEIGH, N.C., May 23 -- Georgia- Pacific Corp. and National Packaging Solutions Group (NPSG) have signed a definitive agreement for Georgia-Pacific to purchase NPSG's Interstate Packaging sheet plant in Albert Lea, Minn. Financial terms of the agreement were not disclosed. "Georgia-Pacific is always exploring new business opportunities that support our packaging business strategy and create value for our customers and our shareholders," said Steve Klinger, executive vice president - packaging, Georgia-Pacific. "This facility enhances our manufacturing capability to better serve customers in the Midwest." Buck Burwell, chief executive officer - NPSG, said, "Customers will benefit from the greater resources provided through Georgia-Pacific, and NPSG will be able to focus on our core market area. The transition will be seamless with customers receiving the same great products and services delivered by the dedicated employees of the Albert Lea facility."

 

 

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