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.