M&A Deal Summary

Genesee & Wyoming Acquires Fordyce & Princeton Railroad

On December 19, 2003, Genesee & Wyoming acquired transportation company Fordyce & Princeton Railroad from Georgia-Pacific

Acquisition Highlights
  • This is Genesee & Wyoming’s 6th transaction in the Transportation sector.
  • This is Genesee & Wyoming’s 6th transaction in the United States.
  • This is Genesee & Wyoming’s 2nd transaction in Arkansas.

M&A Deal Summary

Date 2003-12-19
Target Fordyce & Princeton Railroad
Sector Transportation
Buyer(s) Genesee & Wyoming
Sellers(s) Georgia-Pacific
Deal Type Divestiture

Target

Fordyce & Princeton Railroad

Crossett, Arkansas, United States
Fordyce & Princeton Railroad serve one plywood plant and one oriented strand board plant for Georgia-Pacific. In Crossett, the railroads serve one plywood plant, one lumber mill, a paper mill complex producing tissue, paperboard and fine papers, and a chemical facility.

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Buyer(S) 1

Buyer

Genesee & Wyoming

Darien, Connecticut, United States

Category Company
Founded 1899
Sector Transportation
Employees8,000
Revenue 2.3B USD (2018)
DESCRIPTION

Genesee & Wyoming owns and operates short line and regional freight railroads and provides railcar switching services in the United States, Australia, Canada, the Netherlands and Belgium. Genesee & Wyoming was founded in 1899 and is based in Darien, Connecticut.


DEAL STATS #
Overall 6 of 26
Sector (Transportation) 6 of 24
Type (Divestiture) 5 of 14
State (Arkansas) 2 of 3
Country (United States) 6 of 19
Year (2003) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-12-19 Chattahoochee Industrial Railroad

Cedar Springs, Georgia, United States

Chattahoochee Industrial Railroad operates more than 15 miles of track between Hilton and Saffold. Chattahoochee Industrial serves Georgia-Pacific's Cedar Springs containerboard mill, which is one of the company's largest and lowest-cost containerboard facilities. Chattahoochee Industrial Railroad hauled 19,561 carloads, including pulp and paper (73 percent), coal (13 percent), forest products (5 percent), metals (4 percent), and chemicals (4 percent).

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-05-26 Rail Management - Rail Operations

Florida, United States

The business is composed of fourteen principal rail operations with locations throughout the South and Southeast United States, including Florida, Alabama, Mississippi, Georgia, Arkansas, Texas, North Carolina, Tennessee and Kentucky.

Buy $245M

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 4 of 13
Sector (Transportation) 3 of 3
Type (Divestiture) 4 of 13
State (Arkansas) 2 of 2
Country (United States) 4 of 11
Year (2003) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-12-19 Chattahoochee Industrial Railroad

Cedar Springs, Georgia, United States

Chattahoochee Industrial Railroad operates more than 15 miles of track between Hilton and Saffold. Chattahoochee Industrial serves Georgia-Pacific's Cedar Springs containerboard mill, which is one of the company's largest and lowest-cost containerboard facilities. Chattahoochee Industrial Railroad hauled 19,561 carloads, including pulp and paper (73 percent), coal (13 percent), forest products (5 percent), metals (4 percent), and chemicals (4 percent).

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-05-07 BlueLinx

Marietta, Georgia, United States

BlueLinx is a distributor of building products. The Company distributes products in two principal categories: structural products and specialty products. Structural products include plywood, oriented strand board, rebar and remesh, lumber and other wood products primarily used for structural support, walls, and flooring in construction projects. Specialty products include roofing, insulation, specialty panels, moulding, engineered wood products, vinyl products (used primarily in siding), outdoor living, particle board, and metal products. BlueLinx was founded in 2004 and is based in Marietta, Georgia.

Sell -