GP Transitions Leadership Role
Christian Fischer, Georgia-Pacific president and CEO, announced in July he is retiring from the company at the end of October and will work to transition his responsibilities. He joined GP in 1989 and has held numerous leadership roles. He was named president and CEO in 2017.
Mark Luetters, currently executive vice president of Koch, Inc., overseeing several Koch companies, including Georgia-Pacific, will continue in that role while serving as GP’s president and CEO. Luetters says GP plans to name a new president and CEO during 2026. He joined Koch in 1989 and Georgia-Pacific in 2006 and, among other roles, was executive vice president of GP Building Products for nine years prior to returning to a role in another Koch company in 2018.
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Western Producer Goes South
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UFP Industries Purchases PalletOne
UFP Industries, LLC is purchasing PalletOne, Inc. for $232 million. UFP has also agreed to pay $18 million for PalletOne’s recent capital expenditures. Based in Bartow, Fla., PalletOne is a leading manufacturer of new pallets in the…
West Fraser Purchases Norbord For $3 Billion
West Fraser Timber Co. Ltd. is acquiring all of the outstanding common shares of Norbord, the world’s largest oriented strandboard producer, for $3.1 billion. Following closing, the combined company will operate as West…
Klausner-Enfield Deal Is Near
Mayr-Meinhof Holz, which lost out in September on the bid and acquisition of the bankrupt Klausner Lumber One sawmill in Live Oak, Fla. to Binderholz Group, was the…
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