Georgia-Pacific Completes Acquisition of Grant Forest Products’ OSB Mills in Ontario and South Carolina
|Areas||Corporate Restructuring, Litigation, Mining and Natural Resources|
Goodmans representedThe Bank of New York Mellon, as Agent for the second lien holders of Grant Forest Products in connection with Atlanta based Georgia-Pacific LLC’s completion of the purchase of Grant Forest Products Inc.’s oriented strand board (OSB) facilities at Englehart and Earlton, Ontario and Allendale and Clarendon, South Carolina. The acquisition, first announced in January 2010, totaled approximately US$400 million. The process for the acquisition involved a series of court and regulatory approvals on both sides of the border. These included approval of the Ontario court overseeing the Grant Forest Products Companies' Creditors Agreement Act filing and the US Bankruptcy Court in Delaware, as well as the Canadian Competition Bureau, the US Federal Trade Commission and Investment Canada.