Georgia-Pacific LLC, a subsidiary of Koch Industries, and SPG Holdings LLC completed the previously announced acquisition of SPG by Georgia-Pacific. Financial details of the agreement are not being disclosed. As a result of the acquisition, Georgia-Pacific acquired all of the equity of SPG held by investors in the company, including CIC Partners, a Dallas-based middle market private equity firm that has been the lead investor in the company since 2011.
The acquisition includes SPG’s three manufacturing facilities in Green Bay, WI; Hattiesburg, MS; and Augusta, GA; as well as a sales and administrative office in Dallas. Operated by approximately 500 employees, SPG and its facilities now become a wholly owned subsidiary of Georgia-Pacific in the acquisition.
“We are very pleased to welcome the talented employees of SPG to our company,” said Scott Light, president of Georgia-Pacific Professional. “They, along with quality assets, efficient operating model and excellent customer service model, provide a great platform for continued growth of our business.”
Georgia-Pacific Completes Acquisition of SPG Holdings
Published August 20, 2014
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