GNN Investor, LLC history

The company changed its name in 1948 to Georgia-Pacific Plywood & Lumber Company to reflect more accurately its geographic and operational expansion.

1949: Georgia-Pacific Plywood & Lumber Company goes public.

In order to be closer to these newly purchased resources, the company moved its headquarters from Georgia to Olympia, Washington, in 1953, and then again to Portland, Oregon, the following year.

1957: Company expands into pulp and paper sector with the opening of a kraft pulp and linerboard mill in Toledo, Oregon.

After building its first corrugated-container plant in Olympia in 1961, the company added a series of additional manufacturing facilities for lumber, paper, and chemical products over the course of the rest of the decade.

In 1970, the Great Northern Paper Company and the Nekoosa Edwards Paper Company merged to become Great Northern Nekoosa Corporation.

1972: A Federal Trade Commission consent order forces the company to divest 20 percent of its assets, which are spun off as Louisiana-Pacific Corporation.

Georgia-Pacific opened its own PVC manufacturing plant in 1975.

Georgia-Pacific's use of asbestos was discontinued in 1977, and the firm had manufactured no products containing the substance since then.

By 1978, the company was drawing three-quarters of its sales from the southern and eastern United States.

In 1986, the company entered the premium bathroom tissue market through the introduction of Angel Soft bath tissue.

A.D. (Pete) Correll, who joined Georgia-Pacific's paper division in 1988 after being wooed from his position at the Mead Corporation, was elected president and chief operating officer.

All of these measures failed, however, and the purchase was completed in March 1990.

Despite its continuously healthy cash flow and record-breaking profits in its building products division, the company posted losses again in 1992.

Lumber prices began rising to record highs in October 1993.

The $320 million deal closed in early 1997.

In June 1998, Georgia-Pacific acquired Indianapolis-based CeCorr Inc. for about $190 million plus the assumption of $92 million in debt.

Fort James had posted profits of $516.5 million in 1999 on revenues of $6.8 billion.

2000: Fort James Corporation is acquired for $7.7 billion in stock and cash plus the assumption of $3.3 billion in debt.

Continuing its drive to focus more on consumer products, Georgia-Pacific announced in March 2001 that it would close its pulp mill in Bellingham, Washington.