Georgia-Pacific buying Monroe County pulp mills - WSFA.com Montgomery Alabama news.

Georgia-Pacific buying Monroe County pulp mills

MONROEVILLE, Ala. (AP) - Georgia-Pacific says it has reached an agreement to acquire Alabama River and Alabama Pine pulp mills for an undisclosed amount of cash from current owner Parsons & Whittemore.

Georgia-Pacific announced the deal on Wednesday. It says the deal includes a biodiesel plant, chip mills and a wood yard.

George Landegger, chairman and CEO of the current ownership, says all 600 employees will keep their jobs.

Landegger says Georgia-Pacific approached his privately held firm about the acquisition because it wants to increase its production of fluff pulp, an absorbent filler.

Georgia-Pacific operates fluff pulp mills at New Augusta, Miss., and in Brunswick, Ga.

Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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