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Georgia-Pacific sells 3 lumber mills to Allegheny Wood

By The Associated Press
Posted 5:20AM on Tuesday 7th September 2004 ( 20 years ago )
<p>Georgia-Pacific Corp., the maker of paper products and building supplies, has sold three lumber mills to closely held Allegheny Wood Products Inc. for an undisclosed amount as it shifts its focus from hardwood lumber.</p><p>Georgia-Pacific Tuesday said it immediately passed operating control of the facilities in Enfield, N.C.; Green Valley, W. Va.; and Marble, Pa., to Allegheny.</p><p>The three plants _ which produce red oak, ash, maple, poplar and other lumber for use in cabinet making, furniture and flooring _ employ a total of about 250 people.</p><p>Petersburg, W. Va.-based Allegheny started operations in the mills Tuesday and said there would be no layoffs due to the deal.</p><p>Atlanta-based Georgia-Pacific said the move came as part of its focus on wood and gypsum panels, softwood lumber and chemical products, and on differentiated building products.</p><p>The Enfield mill has a capacity to put out 20 million board feet a year; Green Valley has 30 million board feet capacity and the Marble mill produces 18 million board feet.</p><p>Georgia-Pacific, which makes items such as Brawny paper towels and Dixie cups, had sales of $20.26 billion last year.</p>

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