SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
July 1, 1998
(Date of Report)
GEORGIA-PACIFIC CORPORATION
(Exact Name of Registrant as Specified in its Charter)
GEORGIA
(State of Incorporation)
1-3506
(Commission File Number)
93-0432081
(IRS Employer Identification Number)
133 PEACHTREE STREET, N.E., ATLANTA, GEORGIA 30303
(Address of Principal Executive Offices)
(404) 652-4000
(Registrant's Telephone Number, including area code)
ITEM 5. OTHER EVENTS.
On July 1, 1998, the Corporation issued the following press release.
ATLANTA -- Georgia-Pacific Corp. today announced that it has completed its
acquisition of CeCorr Inc.
The acquisition includes 11 CeCorr sheet feeder plants, which manufacture
corrugated sheets that are sold to others for final conversion into corrugated
containers. Also included are a corrugating medium paper mill, and several
specialty operations and support service groups. CeCorr ships 6.3 billion square
feet of corrugated sheets per year.
In the transaction, Georgia-Pacific paid $189.9 million in cash and
Georgia-Pacific Group common stock for all the outstanding shares of closely
held CeCorr, which is based at Indianapolis. The transaction also includes
Georgia-Pacific's assumption of CeCorr's $92 million debt.
"Completing the acquisition of CeCorr helps advance Georgia-Pacific's
strategy to grow our packaging business," said A.D. "Pete" Correll, Georgia-
Pacific chairman and chief executive officer. "Sheet feeders are an attractive
segment of the packaging business, and adding these operations enables Georgia-
Pacific to deliver a broader range of value-added products to our packaging
customers."
Headquartered at Atlanta, Georgia-Pacific is one of the world's leading
manufacturers and distributors of pulp, paper and building products. It
consists of two distinct operating groups: the Georgia-Pacific Group (NYSE: GP),
which includes the pulp, paper and building products business, and The Timber
Company (NYSE: TGP), which manages 5.8 million acres of timberland in North
America.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
DATED: July 1, 1998
GEORGIA-PACIFIC CORPORATION
By /s/ James F. Kelley
James F. Kelley
Senior Vice President - Law and General
Counsel
