Georgia-Pacific LLC and SPG Holdings LLC today 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, Wisconsin; Hattiesburg, Mississippi; and Augusta, Georgia; 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. Jefferies LLC acted as the exclusive financial advisor to SPG Holdings LLC in connection with this transaction.
Scott Light, president of Georgia-Pacific Professional, added, “We are very pleased to welcome the talented employees of SPG to our company. They, along with quality assets, efficient operating model and excellent customer service model, provide a great platform for continued growth of our business.”