Divestiture • Forest Products

Bast Fibre Tech Acquires Lumberton Cellulose

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

Acquisition Context
  • 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.

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M&A Deal Summary

Date January 11, 2022
Target Lumberton Cellulose
Sector Forest Products
Buyer(s) Bast Fibre Tech
Sellers(s) Georgia-Pacific
Deal Type Divestiture

Target Company

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 Overview 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. Bast Fibre Tech was founded in 2016 and is based in Victoria, British Columbia.


Deal Context for Buyer #
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 Profile 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 Context for Seller #
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 -