What's on Georgia-Pacific's mind? A whole lotta different products, that's what. Georgia-Pacific (GP) is one of the leading tissue products producers and the force behind such household items as Brawny paper towels and Quilted Northern bath tissues. Not one to be pigeonholed, it makes a wide variety of other products including cardboard packaging, plywood and lumber, related chemicals, fertilizers, recycled paper fibers, Dixie-brand paper cups, touchless towel dispensers, and office paper. GP is one of the largest US forest products manufacturers (up there with rival International Paper). A subsidiary of diversified group Koch Industries, GP has around 200 facilities spread across the US.
GP is one of the few wood product producers that doesn't own its own timberland. It sources its wood and fiber supply from land owned by private, institutional, industrial, and public entities.
GP is banking on the expected global economic recovery that has started to spread since 2010. During that year, the company bought four compressed-board factories from Canada's Grant Forest Products for $400 million. It also bought a pair of Alabama pulp mills and other facilities from Parsons & Whittemore for an undisclosed sum. In past years, GP expanded through acquisitions including five plywood and lumber facilities from International Paper, a containerboard mill from Smurfit-Stone Container (now RockTenn CP), and insulated cup firm Insulair (which became a part of its Dixie unit).
The company also seems to be reshuffling its geographical footprint overseas. In mid-2012, it sold its European tissue operations to rival Svenska Cellulosa (SCA) for around $1.8 billion. The deal involved its former consumer and away-from-home tissue paper products and personal care businesses and manufacturing assets across Europe, including its popular Lotus brand of tissue paper. Also in 2012, GP dumped its stake in a joint venture in Turkey. Despite these moves, GP still maintains a European presence through regional offices for its GP Cellulose and GP Harmon Recycling operations. – less