GEORGIA-PACIFIC SELLS FOUR PLANTS TO DOMTAR

Georgia-Pacific Corp. and Domtar Inc. today announced that the companies have signed a letter of intent for Domtar to acquire a portion of Georgia-Pacific’s pulp and paper business. The proposed purchase price and other terms were not disclosed pending final agreement between the parties. The assets involved are Georgia-Pacific’s stand-alone uncoated fine paper mills at Ashdown, AR.; Nekoosa and Port Edwards, WI.; and Woodland, ME, as well as the associated pulp facilities. The sale, which is contingent on the completion of due diligence, execution of a definitive agreement and customary approvals, is expected to be completed ...

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