On November 24, 2000, Atlanta-based Georgia-Pacific Corp. (Georgia-Pacific) completed its US$11 billion acquisition of Fort James Corp. (Fort James), making Georgia-Pacific the leading global producer of tissue products. The deal creates a paper powerhouse; combined revenues exceeded US$24.8 billion last year and employees total more than 85,000 world-wide. The Fort James acquisition represents a component of Georgia-Pacific’s ongoing transformation strategy, which includes the previously announced separation of its timberlands and divestiture of selected commodity and non-strategic businesses ongoing forward. Georgia-Pacific is also the largest producer of structural wood panels in the US and the second largest producer of lumber and gypsum wallboard.
Lawson A.W. Hunter, Q.C. and Eric J. Dufour of Stikeman Elliott represented both parties with respect to Canadian competition/antitrust matters. Shearman & Sterling represented Georgia-Pacific on the acquisition, while Fort James was represented by Wachtell, Lipton, Rosen & Katz.
Lawson A.W. Hunter, Q.C. and Eric J. Dufour of Stikeman Elliott represented both parties with respect to Canadian competition/antitrust matters. Shearman & Sterling represented Georgia-Pacific on the acquisition, while Fort James was represented by Wachtell, Lipton, Rosen & Katz.
