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Georgia Pacific: Companies
built 655 days ago
Prices of Georgia-Pacific shares on the New York Stock Exchange fell almost 50 percent in 1990 in response to investors' fears that the company might be acquiring too much debt. To ease this concern, the company took out a two-page ad in national magazines to convey the message that the company had significant cash flow to pay down its debt and had laid the groundwork for a strong future.
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Headquartered at Atlanta, Georgia-Pacific is one of the world’s leading manufacturers and distributors of tissue, pulp, paper, packaging, building products and related chemicals. With annual sales of approximately $25 billion, the company employs more than 75,000 people at 600 locations in North America and Europe.
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Like many companies, Georgia-Pacific Corp. wants to dream up new ideas for products or improve processes. To do so, it often would pull together a few dozens managers, executives, or others for a day of brainstorming.
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Georgia-Pacific Group includes all the company's manufacturing operations. It ... has a unit called The Timber Co. (TGP: Research, Estimates) that manages its lands, sells raw timber, and has its own tracking stock.
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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.
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Witnesses testified that Mr. Bostic frequently used an asbestos-containing joint compound manufactured by Atlanta-based Georgia-Pacific Corp. Court documents showed that Georgia-Pacific officials knew about the health dangers of asbestos as early as 1967. However, the company continued to sell products that contained asbestos as late as 1977.
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