G-P Acquires Two Pulp Mills from Parsons & Whittemore

Parsons & Whittemore and Georgia-Pacific (GP) have reached a definitive agreement for GP subsidiaries to purchase Parsons & Whittemore’s Alabama River and Alabama Pine pulp mills in Perdue Hill, Ala. Terms of the deal were not disclosed.

This acquisition includes the assets of the pulp mills, Alabama River Woodlands, the tall oil plant, the biodiesel plant, chip mills in Elba and Jacksons Gap, Ala., and a pulpwood yard at Demopolis, Ala. All employees of these operations will be offered employment with GP. The sale is expected to close by the first quarter of the year.

The acquired facilities will be integrated into GP’s Cellulose business unit, which is a non-integrated supplier of market and fluff pulp to global markets. The unit has pulp mills in Brunswick, Ga. And New Augusta, Miss. The unit also has commercial offices in Atlanta; Hong Kong; Montevideo, Uruguay; Shanghai, China; and Zug, Switzerland.