Court Approves G-P Purchase of Grant Forest Products' South Carolina Plants

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Grant Forest Products Earlton, Ont., Canada, received approval this week from the U.S. Bankruptcy Court in Delaware, facilitating the Georgia-Pacific (Atlanta, Ga., USA) acquisition of Grant's Allendale and Clarendon, S.C., USA, facilities. This approval was the last in a series of governmental requirements on both sides of the U.S. and Canadian borders that included approvals of the acquisition by the Canadian court overseeing the Grant Forest Products Companies' Creditors Arrangement Act filing, the Canadian Competition Bureau, the U.S. Federal Trade Commission (FTC), and Investment Canada.

With this latest approval, G-P expects to complete the purchase of Grant Forest Products' oriented strand board (OSB) and related facilities in Englehart and Earlton, Ont., and Allendale and Clarendon, S.C., in the near future.