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Georgia-Pacific Corp


Georgia-Pacific Corp is a publicly traded company having a good stock performance result. It is a fortune 500 stock listed company trading under GP.
 
It was founded in 1927.As a wholesaler of hardwood lumber; GP has grown through expansion and acquisitions to become one of the world's leading manufacturers and marketers of tissue, packaging, paper, building products and related chemicals. The headquarters of the company is at Atlanta, GP employs some 55,000 people at more than 300 locations in North America and Europe.
 
As a result of the acquirement, Georgia-Pacific's assets will be adjusted to reflect fair value accounting rather than historical cost. Due to this change in accounting, inventory balances are expected to increase by approximately 300 million to 400 million dollars. Property, plant and equipment balances are expected to increase by approximately 7.5 billion to 8.5 billion dollars; and identifiable intangible assets are expected to increase by approximately 3.3 billion to 3.8 billion dollars.

The building products of GP are made with recycled materials and are certified as Environmentally Preferable Products by the Composite Panel Association, indicating they contain 100 percent recycled or recovered materials.
 
Consumer Products are studied to develop safe uses for recycled materials in all their consumer goods. Their Eureka copier and printer paper are partially made from recycled materials.
 
Containerboard and Packaging of GP is one of the nation’s leading corrugated box manufacturers with over 50 plants throughout the country. They are the 4 largest producer of containerboard in the U.S. and one of the largest suppliers of containerboard to the independent box market.
 
Procurement & Distribution also ensures that its commitment to the environment through products spans the journey in that department.
 
Georgia-Pacific Corporation's common stock is listed on the New York Stock Exchange (NYSE). Georgia-Pacific options are traded on the Philadelphia Stock Exchange. The company today reported a range of preliminary, unedited balance sheet adjustments that it expects to make in connection with purchase accounting treatment stemming from the recent acquisition of the company by an indirect, wholly-owned, subsidiary of Koch Industries Inc.On December 23, Koch Industries, Inc., announced the successful completion of its 21 billion dollars acquisition of Georgia-Pacific Corp.
 
The employees are guided to be safe, maintain the highest integrity, treat everyone with dignity and respect, focus on their customers and be excellent in all they do. These values translate into actions that help them to meet the needs of their customers, fellow employees and the communities where they operate.
 
 

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