HATTIESBURG — Georgia-Pacific Consumer Products, LP and SPG Holdings, LLC have reached an agreement under which Georgia-Pacific would purchase SPG, a paper goods company that manufactures and converts products for the foodservice industry. SPG has operations in Hattiesburg as well as Green Bay, Wisconsin, and Augusta, Georgia.
CIC Partners, a Dallas-based middle market private equity firm, has been lead investor in the company since 2011.
Closing of the acquisition, subject to regulatory review and customary closing conditions, is anticipated later this year. Financial details of the agreement are not being disclosed. Jefferies, LLC acted as exclusive financial advisor to SPG Holdings LLC in connection with this transaction.