G-P Gypsum, a subsidiary of Georgia-Pacific Corp., announced a definitive agreement to sell its Delair, N.J., wallboard paper mill to National Gypsum Company of Charlotte, N.C. The sale is expected to close March 1, and proceeds will be used to repay debt.
``G-P Gypsum is continually evaluating its asset base, and efficiency improvements at our other three paper mills in Thorold, Ontario, San Leandro, Calif., and Pryor, Okla., gave us the increased capacity we needed to cover the needs of our customers,'' said David R. Fleiner, G-P Gypsum president. ``National Gypsum has purchased an excellent mill with dedicated, hard-working employees.''
The Delair mill was part of Georgia- Pacific's purchase of Bestwall Gypsum Co. The mill employs approximately 80 people.
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