Canadian Competition Bureau determines Georgia-Pacific "not a competitive
risk" in purchase of certain Grant Forest Products facilities

ATLANTA, March 3 /CNW/ - Georgia-Pacific received notification from the Canadian Competition Bureau that the Bureau has completed its review of the company's potential acquisition of certain Grant Forest Products facilities and has found no competitive risk. Georgia-Pacific announced in January that it had entered into a definitive agreement to acquire Grant Forest Products' oriented strand board (OSB) facility at Englehart, Ontario, the associated facility at Earlton, Ontario, and OSB facilities at Allendale and Clarendon, S.C.

The transaction is expected to close in the first half of 2010, following appropriate U.S. and Canadian regulatory and bankruptcy court review and approval.

Headquartered at Atlanta, Georgia-Pacific is one of the world's leading manufacturers and marketers of building products, tissue, packaging, paper, cellulose and related chemicals. The company employs more than 40,000 people at more than 300 locations in North America, South America and Europe. Georgia-Pacific creates long-term value by using resources efficiently to provide innovative products and solutions that meet the needs of customers and society, while operating in a manner that is environmentally and socially responsible and economically sound. The company has long been among the nation's leading manufacturers and suppliers of building products to lumber and building materials dealers and large do-it-yourself warehouse retailers, with brands such as Plytanium(R) plywood, DryPly(R) water repellent plywood, Ply-Bead(R) panels and Wood I Beam(TM) and XJ 85(TM) joists offered by Georgia-Pacific Wood Products LLC. DensArmor Plus(R) interior panels, DensGlass(R) Sheathing and ToughRock(R) drywall are offered by Georgia-Pacific Gypsum LLC. The familiar consumer tissue brands of Georgia-Pacific Consumer Products LP include Quilted Northern(R), Angel Soft(R), Brawny(R), Sparkle(R), Soft 'n Gentle(R), Mardi Gras(R), So-Dri(R) and Vanity Fair(R). Dixie Consumer Products LLC, a Georgia-Pacific company, manufactures the Dixie(R) brand of tabletop products. For more information, visit www.gp.com

For further information: Media Contacts: Melodie Ruse, [phone]; Anna Umphress, [phone]