G-P Under Koch an Unknown New Owner 'Bought This Company to Grow It,' Baldacci Told

Summary


OLD TOWN - The name on the mill will remain Georgia-Pacific, but the new owner of the city's biggest employer is a privately held conglomerate that workers and community leaders were just getting to know Monday.

Atlanta-based G-P, which manufactures a range of products, including Brawny paper towels and Angel Soft bath tissue, agreed Sunday to be sold to Koch Industries Inc. of Wichita, Kan., for $13.2 billion.

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G-P Under Koch an Unknown New Owner 'Bought This Company to Grow It,' Baldacci Told

"We really don't know much yet," said Tim Lord, who has worked at the Old Town mill for seven years. In a satellite presentation Monday, the 400 employees were given general information about the pending sa...

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