"As the housing market continues a slow, but steady improvement, we are investing in our building products division to ensure our ability to meet growing customer needs," said Paul Watterson, general manager for Georgia-Pacific's engineered lumber business. "Along with being located within a good wood basin that provides easy access to raw materials, the improvements to our Thorsby operations will increase our ability to supply LVL – a key component for beams and headers in new construction."
Georgia‑Pacific has seven facilities in Alabama, three of which are part of the building products division. The company employs approximately 2,500 people directly in the state of Alabama, with approximately 240 people located at the Thorsby operations. Total direct compensation and benefits for Alabama employees is approximately $230 million, resulting in approximately $650 million in indirect wages and benefits.
Since 2006, Georgia-Pacific building products has invested nearly $2.5 billion in capital for property and equipment upgrades and acquisitions, including the 2007 purchase of several International Paper building products assets, the 2010 Grant Forest Products acquisition, and most recently, the $710 million acquisition of the former Temple-Inland Building Products assets.
Based in Atlanta, Georgia-Pacific and its subsidiaries are among the world's leading manufacturers and marketers of bath tissue, paper towels and napkins, tableware, paper-based packaging, office papers, cellulose, specialty fibers, nonwoven fabrics, building products and related chemicals.
