Pac Paper history

To raise money for Gee's plan IP sold its remaining interest in General Crude Oil Company for $763 million and used the profits to buy Bodcaw Company of Dallas in 1979.

In 1981 IP sold Canadian International Paper for US$900 million.

By 1982 he had raised US$2 billion, aided by sales of land, timber, and other subsidiaries.

These included a 1984 fire that destroyed its Nacogdoches, Texas, plywood-manufacturing plant, causing $32.5 million in damages.

Georges was named chairman in 1985, succeeding Gee.

Their work led to a major acquisition in 1986: Hammermill Paper Company.

In 1987, newsprint prices began a steady decline.

1988 Created the Georgia-Pacific Foundation Scholarship program for employees' children.

In 1989 it acquired two major European manufacturers, Aussedat-Rey, the second-largest paper company in France, and the Ilford photographic-products division of Ciba-Geigy.

In 1990 IP bought Germany's Zanders Feinpapiere AG, a high-quality coated-paper company, and the French operations of Georgia-Pacific Corporation.

1992 Became the first forest products company to reach the OSHA Star Level for exemplary safety programs.

1993 Entered into a first-of-its-kind agreement with the Department of Interior to protect endangered red-cockaded woodpecker on co. lands.

1994 Published our first environmental and safety report to publicly track performance.

Late in 1995 IP announced a $3.6 billion purchase of Federal Paper Board Co., based in Montvale, New Jersey, and the 15th-largest paper company in the United States.

Fittingly, the Federal Paper acquisition was consummated nearly simultaneously with the announcement of Georges's retirement as chairman and CEO, both of which occurred in early 1996.

2002 Celebrated our 75th year in business.

2005 Acquired by Koch Industries to become a privately held, wholly owned subsidiary.

2010 Completed the purchase of Oriented Strand Board (OSB) facilities from Grant Forest Products.

2011 Moody’s upgrades Georgia-Pacific to "investment grade."

2013 Completed the acquisition of Temple-Inland Building Products assets adding more than 1,800 employees across eight states.

2015 Deal concluded for Rocky Creek lumber facility in Alabama.

2016 Completed $40 million expansion of Arkansas lumber operation.

2017 Brewton operations complete $388 million energy project.

2018 GP closes on sale of European Nonwovens Business to Glatfelter.

2019 Naheola Mill’s $120 Million investment to grow bath tissue business.