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The Georgia-Pacific Tower in Atlanta continues to house the company's headquarters. Koch sold to the European business in 2013 to SCA (now Essity) with a proviso from The European Competition Commission that the UK & Ireland Consumer Products business had to be separated and sold off. Koch Industries then spent the next 6 years focused on offloading the European business which was eventually made possible by a huge business turn around of the UK business. Koch soon realized that they struck gold with the very lucrative NA Consumer Products Business. Initially, Koch was only interested in the GP Building Products Business but GP CEO & President, Pete Correll refused to break up the company. Georgia-Pacific was removed from the NYSE (it had traded under the symbol GP) and shareholders surrendered their shares for about $48 per share.
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On December 23, 2005, Koch Industries finalized the $21 billion acquisition of Georgia-Pacific. It was announced on Novemthat Georgia-Pacific would be acquired by Koch Industries. In August 2001, Georgia-Pacific completed the sale of four un-coated paper mills and their associated businesses and assets to Canadian papermaker Domtar for US$1.65 billion.
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The Fort James Corporation was the result of a series of mergers of enterprises that included the Fort Howard Corporation, the James River Corporation and Crown-Zellerbach. The company continued to make a series of acquisitions, including US Plywood in 1987, Great Northern Nekoosa in 1990, and the Fort James Corporation in 2000. In 1957 the company entered the pulp and paper business by building a kraft pulp and linerboard mill at Toledo, Oregon. In 1956, the company changed its name to Georgia-Pacific Corporation. The company acquired its first West Coast facility in 1947 and changed its name to Georgia-Pacific Plywood & Lumber Company in 1948. Over the years it expanded, adding sawmills and plywood plants. Georgia-Pacific was founded by Owen Robertson Cheatham on Septemin Augusta, Georgia, as the Georgia Hardwood Lumber Co. Georgia-Pacific lumber mill in Eureka, California (May 1972).