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Georgia-Pacific to purchase Grant Forest Products OSB mills in Englehart and Earlton

Mon 11 Jan 2010 01:58:58 PM EST

Georgia-Pacific Corp. has agreed to purchase two Canadian plants from Grant Forest Products Inc. along with two of Grant Forest Products' U.S. facilities in a deal worth about $400 million.



Grant Forest Products has been under bankruptcy protection since last summer.



The four oriented strand board facilities to be purchased are:



  • Englehart, Ontario

  • Earlton, Ontario

  • Allendale, South Carolina

  • Clarendon, South Carolina



“These are world-class facilities that fit strategically with our wood products operations, and we are pleased with this opportunity to grow our OSB business in Canada and the U.S.,” said Mark Luetters, president of Georgia-Pacific Wood Products.



The purchase is subject to regulatory and court approval.


 


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