HATTIESBURG — Georgia-Pacific, LLC and SPG Holdings, LLC have completed the previously announced acquisition of SPG by Georgia-Pacific.
Financial details of the agreement are not being disclosed.
As a result of the acquisition, Georgia-Pacific acquired all of the equity of SPG held by investors in the company including CIC Partners, a Dallas-based middle market private equity firm that has been the lead investor in the company since 2011.
The acquisition includes SPG’s three manufacturing facilities in Hattiesburg; Green Bay, Wisconsin; and Augusta, Georgia; as well as a sales and administrative office in Dallas. Operated by approximately 500 employees, SPG and its facilities now become a wholly owned subsidiary of Georgia-Pacific in the acquisition. Jefferies, LLC acted as the exclusive financial advisor to SPG Holdings, LLC in connection with this transaction.
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