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
March 31, 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)
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ITEM 5. OTHER EVENTS.
On March 30, 1998, the Corporation issued the following press release.
ATLANTA -- Georgia-Pacific today announced that it has agreed to acquire
CeCorr Inc., the leading independent producer of corrugated sheets in the United
States.
In the proposed transaction, Georgia-Pacific will pay approximately $190
million, half in cash and half in Georgia-Pacific Group 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 $86 million
debt.
Closing, which is contingent on negotiation and execution of a binding
purchase agreement, normal due diligence reviews and customary regulatory
approvals, is expected to be completed in the second quarter.
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. With annual sales of $282
million, CeCorr ships 5.8 billion square feet of corrugated sheets per year.
"Acquisition of CeCorr fits our growth strategy in packaging and will
enable us to deliver a broader range of value-added products to our packaging
customers," said A.D. "Pete" Correll, Georgia-Pacific chairman and chief
executive officer. "Dedicated sheet feeders are an attractive, growing segment
of the corrugated industry, and CeCorr is the leading company in that business
today."
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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: March 31, 1998
GEORGIA-PACIFIC CORPORATION
By /s/ James F. Kelley
James F. Kelley
Senior Vice President - Law and General
Counsel
