Georgia-Pacific announced today a new lumber production facility in Talladega, Alabama. Construction on the $100 million, 300,000-square-foot, technologically advanced plant is scheduled to begin immediately with an anticipated startup in late 2018. Once it is fully operational, the plant will employ more than 100 full-time employees and generate an estimated $5 million in annual payroll. “The availability of talent and natural resources makes Talladega an ideal site for this new lumber production facility,” said Fritz Mason, vice president and general manager, Georgia-Pacific Lumber. “The City of Talladega, Talladega County, and the State of Alabama have been incredibly supportive of this new venture and we look forward to a long and beneficial relationship.” “Georgia-Pacific’s new investment in Talladega will bring good jobs and enhanced opportunities to the area’s citizens while also benefiting timber owners in the region,” Governor Kay Ivey said. “I am committed to working closely with businesses like Georgia-Pacific, which has a significant presence in the state, as we demonstrate to the world that Alabama is open for business and eager to form strong partnerships.” Click Read More below for additional detail.
Appvion, a Wynnchurch Capital, L.P. (“Wynnchurch”) portfolio company, announced the addition of Nekoosa Coated Products, LLC (“Nekoosa” or the “Company”) to the platform. Headquartered in Nekoosa, Wisconsin, Nekoosa is a leading provider of specialty engineered materials for the graphics and commercial print markets in North America and Europe.
Laurie Andriate, CEO of Appvion, said in a statement, “We are bringing together two great companies with complementary businesses and capabilities to accelerate growth and create additional value for our customers. I’m excited to welcome the Nekoosa team to Appvion.”
“I’m excited for our teams as we move forward and write a new chapter together,” said Paul Charapata, CEO of Nekoosa. “We know each other well and will build upon our long history to proudly produce innovative products that help all our stakeholders succeed.”
Greg Gleason, Managing Partner at Wynnchurch, added, “We are excited to add Nekoosa to the platform as we create an engineered coating specialist with market leading products, scale and diversification across customers and end-markets. We look forward to supporting management’s growth plans as we continue to expand the platform.”