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It was announced on November 13, 2005 that Georgia-Pacific would be acquired by Koch Industries. [3] [7] 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. [8]
Koch owns Flint Hills Resources, Georgia-Pacific, Guardian Industries, Infor, Invista, KBX, Koch Ag & Energy Solutions, Koch Engineered Solutions, Koch Investments Group, Koch Minerals & Trading, and Molex. The firm employs 122,000 people in 60 countries, with about half of its business in the United States.
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 is director of resin and fiber company Invista and director of Georgia-Pacific LLC, paper and pulp products. Koch founded or helped found several organizations, including the Cato Institute, the Institute for Humane Studies and the Mercatus Center at George Mason University, the Bill of Rights Institute, and the Market-Based Management ...
KBX Logistics has entered into a partnership with Transflo to expand the use of electronic bill-of-lading and electronic proof-of-delivery solutions to KBX customers.KBX is an arm of privately ...
He founded Georgia-Pacific, a formerly publicly traded corporation on the New York Stock Exchange from 1949 to 2005, now a subsidiary of Koch Industries.
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]