M&A Deal Summary

Bast Fibre Tech Acquires Lumberton Cellulose

On January 11, 2022, Bast Fibre Tech acquired forest products company Lumberton Cellulose from Georgia-Pacific

Acquisition Highlights
  • This is Bast Fibre Tech’s 1st transaction in the Forest Products sector.
  • This is Bast Fibre Tech’s 1st transaction in the United States.
  • This is Bast Fibre Tech’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2022-01-11
Target Lumberton Cellulose
Sector Forest Products
Buyer(s) Bast Fibre Tech
Sellers(s) Georgia-Pacific
Deal Type Divestiture

Target

Lumberton Cellulose

Lumberton, North Carolina, United States
Lumberton Cellulose is a natural fibre processing facility located in Lumberton, North Carolina.

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Buyer(S) 1

Buyer

Bast Fibre Tech

Victoria, British Columbia, Canada
Category Company
Founded 2016
Sector Apparel/Textiles
DESCRIPTION

Bast Fibre Tech is a triple-bottom-line cleantech fibre engineering firm manufacturing specialty natural fibre for applications throughout the nonwovens and textile industries. Using advanced fibre processing technology, BFT transforms raw bast fibres from hemp and linen plants to meet the exacting standards required by nonwoven and textile customers. Bast Fibre Tech was founded in 2016 and is based in Victoria, British Columbia.

DEAL STATS #
Overall 1 of 1
Sector (Forest Products) 1 of 1
Type (Divestiture) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1

Seller(S) 1

SELLER

Georgia-Pacific

Atlanta, Georgia, United States
Category Company
Founded 1927
Sector Forest Products
DESCRIPTION
Georgia-Pacific's corporate headquarters in downtown Atlanta, Georgia.
Georgia-Pacific's corporate headquarters in downtown Atlanta, Georgia.

Georgia-Pacific is a manufacturer of tissue, pulp, paper, packaging, building products and related chemicals.

DEAL STATS #
Overall 12 of 13
Sector (Forest Products) 6 of 6
Type (Divestiture) 12 of 13
State (North Carolina) 2 of 2
Country (United States) 10 of 11
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-27 Georgia-Pacific - Four US Sawmills

Atlanta, Georgia, United States

The Sawmill Operations have a combined annual lumber production capacity of 720 million board feet. The Bay Springs, Fayette, and Philomath sawmills are currently operating on a full-shifting basis.

Sell $375M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-14 Color-Box

Atlanta, Georgia, United States

Color-Box is a corrugated packaging manufacturer specializing in high-graphic boxes. Color-Box operates plants in Richmond, Indiana; Pelahatchie, Mississippi; and Madera, California. Color-Box was founded in 2000 and is based in Atlanta, Georgia.

Sell -
Mergr

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