Two More Acquisitions Rock the Paper Industry

Fort James, though it dominated the North American tissue market, had nonetheless been struggling financially since it was created by the 1997 merger of Green Bay, WI-based Fort Howard Corp. and Richmond, VA-based James River Corp.

Industry observers note that Georgia-Pacific, which also produces lumber for the housing market and is therefore subject to the rise and and fall of housing sales, may have been looking for a less-cyclical market at a time when U.S. new home sales are down as mortgage rates rise.