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It was announced on November 13, 2005 that Georgia-Pacific would be acquired by Koch Industries. [3] [11] On December 23, 2005, Koch Industries finalized the $21 billion acquisition of Georgia-Pacific. Georgia-Pacific was removed from the NYSE (it had traded under the symbol GP) and shareholders surrendered their shares for about $48 per share ...
The Atlanta-based company has operations in 27 states. [77] In 2005, after having already acquired parts of GP, Koch Industries began full acquisition of GP, which has since been an independently operated and managed Koch subsidiary. [40]
Georgia Pacific, a multi-billion dollar subsidiary of Koch Industries, announced in September it would lay off more than 500 workers who had earned doubled the state’s median income of $35,216 ...
The Koch Industries subsidiary owns the 69-year-old facility, which provided more than a quarter of the tax base for Taylor County and supported nearly 2,000 jobs until it was shutdown Nov. 17.
He was elected president and chief operating officer in 1991. From 1993 to 2005 he was the CEO and chairman of the board of Georgia-Pacific. [3] In that role, Correll negotiated the deal with Koch Industries to take Georgia-Pacific private at an enterprise value of $21 billion. [4]
The Koch family (/ k oʊ k / KOHK) is an American family engaged in business, best known for their political activities and their control of Koch Industries, the 2nd largest privately owned company in the United States (with 2019 revenues of $115 billion). [1]
KochPAC is a political action committee that is funded by employees of Koch Industries and its affiliates. It funds mainly Republican candidates for the US Congress. [1] Greg Guest, senior director of corporate communications at Georgia-Pacific, has stated that KochPAC supports candidates "based on their support for market-based policies and economic freedom".
GREEN BAY - Georgia-Pacific Corp. added a new dose of Brawn(y) to the 105-year-old Broadway Mill. Company executives and community leaders on Tuesday gathered to celebrate completion of a ...