Georgia-Pacific has completed the previously announced acquisition of SPG.
Financial details of the agreement are not being disclosed.
SPG is a specialty paper packaging supplier focused on the catering industry. As a result of the acquisition, G-P has 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 Green Bay, Wisconsin; Hattiesburg, Mississippi; 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 G-P in the acquisition.