G-P Completes Acquisition of SPG
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Georgia-Pacific LLC, Atlanta, Ga., USA, this week completed the previously announced acquisition of SPG Holdings LLC, Dallas, Texas. SPG is a specialty paper packaging supplier focused on providing quality products and specialized customer service to the foodservice industry. Financial details of the agreement are not being disclosed.
As a result of the acquisition, G-P acquired all of the equity of SPG held by investors in the company, including CIC Partners, a Dallas-based middle market private equity firm that has been the lead investor in the company since 2011.
The acquisition includes SPG's three manufacturing facilities in Green Bay, Wis., Hattiesburg, Miss., and Augusta, Ga., as well as a sales and administrative office in Dallas. Operated by approximately 500 employees, SPG and its facilities now become a wholly owned subsidiary of Georgia-Pacific in the acquisition.
