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
Date of report (Date of earliest event reported) October 4, 1999
GEORGIA-PACIFIC CORPORATION
(Exact Name of Registrant as Specified in its Charter)
GEORGIA 1-3506 93-0432081
(State or Other (Commission (IRS Employer
Jurisdiction File Number Identification
of Incorporation) Number)
133 PEACHTREE STREET, N.E., ATLANTA, GEORGIA 30303
(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number, including area code (404) 652-4000
<PAGE>
Item 5. Other Events.
Attached hereto as Exhibit 99.1 is a press release by Georgia-Pacific
Corporation on October 4, 1999 regarding the completion of an agreement
to enter in a joint venture in the away-from-home tissue business.
<PAGE>
Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits.
(c) Exhibits
99.1 Press release issued by Georgia-Pacific Corporation on
October 4, 1999.
<PAGE>
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: October 5, 1999
GEORGIA-PACIFIC CORPORATION
By /s/ Kenneth F. Khoury
Kenneth F. Khoury
Vice President, Deputy General
Counsel and Secretary
133 Peachtree Street Northeast
Atlanta, Georgia 30303
(404) 652-4000
News from Georgia-Pacific
Release No. C-1549
Contact: Ken Haldin
(404) 652-6098
Greg Guest
(404) 652-4739
October 4, 1999
GEORGIA-PACIFIC, CHESAPEAKE FINALIZE JOINT VENTURE
ATLANTA, Ga. and RICHMOND, Va. - Georgia-Pacific Corp.
(NYSE: GP) and Chesapeake Corporation (NYSE: CSK) today
completed a previously announced agreement to create Georgia-
Pacific Tissue, a joint venture in which the two companies have
combined their away-from-home tissue businesses.
"This agreement establishes Georgia-Pacific Tissue as a
significant, competitive player in the commercial tissue business
in North America," said A.D. "Pete" Correll, chairman and chief
executive officer of Georgia-Pacific.
Thomas H. Johnson, president and chief executive officer of
Chesapeake, said, "This agreement allows our joint tissue
operations to be more competitive. It also provides Chesapeake
Corporation with the financial flexibility to pursue meaningful
growth opportunities as we continue to focus on strengthening our
overall capabilities in specialty packaging and merchandising
services."
Georgia-Pacific Group, the pulp, paper and building products
business of Georgia-Pacific Corp., contributed assets from its
commercial tissue business to the joint venture. Georgia-Pacific
Group controls Georgia-Pacific Tissue with a 95 percent equity
interest. Chesapeake contributed the assets of its Wisconsin
Tissue business to the joint venture, for which it received a 5
percent interest in Georgia-Pacific Tissue and an initial cash
distribution of approximately $755 million.
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William A. Raaths, previously president of Wisconsin Tissue,
has assumed the position of president of Georgia-Pacific Tissue
and is a vice president of Georgia-Pacific Corp. He reports to
Michael C. Burandt, senior vice president - packaged products,
Georgia-Pacific Group.
Georgia-Pacific Tissue operates 13 manufacturing facilities
with an annual production capacity of approximately 530,000 tons
of commercial tissue products. Following formation of Georgia-
Pacific Tissue, Atlanta-based Georgia-Pacific manufactures more
than 1.1 million tons of tissue products annually for the
commercial and consumer markets, with 25 paper machines and 268
converting lines.
Commercial tissue products serve "away-from-home"markets
such as hospitals, restaurants, businesses, institutions and
janitorial supply firms.
Georgia-Pacific assets included in the joint venture include
tissue converting facilities at Brattleboro, Vt., and LaGrange,
Ga.; a tissue mill at Gary, Ind.; and tissue converting
operations at Crossett, Ark., and Palatka, Fla.
Georgia-Pacific Tissue also includes former Wisconsin Tissue
production facilities at Bellemont and Flagstaff, Ariz.; Alsip,
Ill.; Greenwich, N.Y.; Menasha and Neenah, Wis.; and Toluca,
Mexico.
<PAGE>
Georgia-Pacific (www.gp.com) is the leading manufacturer and
distributor of building products in the United States and one of
the world's leading manufacturers and distributors of pulp, paper
and related chemicals for the forest products industry. It
consists of two distinct operating groups: Georgia-Pacific Group
and The Timber Company (NYSE: TGP), which manages 5 million acres
of timberland in North America. The company employs more than
50,000 people at approximately 500 locations in the United
States, Canada and Mexico.
Chesapeake Corporation (www.cskcorp.com) is a specialty
packaging and merchandising services company with over 40
locations in North America and Europe.
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