Sales: $150 Million
Green Bay, WI (two facilities); Glen, France; Avigliano, Italy
Baby wipes, industrial and food service wipes, feminine hygiene, absorbent core, tabletop, medical, moist toilet tissue, meat packaging
Under new ownership is Georgia-Pacific. In November 2005, the company was purchased by Koch Industries, a multinational conglomerate that had already owned G-P’s cellulose business as well as fiber producer Invista, among other things.
Meanwhile, G-P’s nonwovens business, which centers on airlaid technology, has continued to perform well by focusing on improving its production and reducing costs despite challenging raw material prices.
Benefiting G-P were existing contracts, put in place before raw material prices escalated, which kept their impact to G-P under check. Additionally, G-P has been successful in unearthing new market segments for its airlaid technology that had been using other materials. These markets were typically using technology that was more expensive than airlaid but G-P was able to show how pulp can perform just as well at a lower cost, according to executives.