Georgia-Pacific to delay company's separation

ATLANTA - Georgia-Pacific Corporation says it will delay the separation of its consumer products division. <br> <br> The wood-products giant made the announcement Thursday, citing weak financial markets and slow sales for its building materials. <br> <br> The company says it remains convinced that splitting the company into two segments is the correct strategy. <br> <br> Georgia-Pacific also said the pending sale of its Unisource Worldwide paper distribution subsidiary to Bain Capital played a role in the delay. The private equity firm has agreed to pay $850 million for Georgia-Pacific&#39;s 60 percent controlling interest in Unisource. <br> <br> The commpany&#39;s chairman and chief executive -- Pete Correll -- said in a statement that Georgia-Pacific will continue to plan for the split.

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