Griffin Paper Corporation - Page 4

                                        - 4 -                                         
               GNN was organized in 1898 under the laws of Maine.  GNN is             
          one of the world’s largest producers of pulp and paper, and it is           
          a major U.S. paper distributor and envelope manufacturer.  GNN              
          became the sole owner of Leaf River Corp. (LRC) on December 31,             
          1981.  LRC was organized in 1981 under the laws of Delaware.                
               KKO is a major user of pulp.  In or before 1970, KKO                   
          ascertained that it needed additional sources of pulp, and it               
          conducted studies which revealed that woodlands in Mississippi              
          were a promising source of raw material and a good location for a           
          pulp mill.  KKO purchased land in Perry County, Mississippi, on             
          which it intended to build and operate a pulp mill.                         
               In 1975, KKO concluded that it should build the pulp mill in           
          two steps.  First, KKO would build a sawmill.  Second, KKO would            
          construct the pulp mill.  KKO ascertained that it had to                    
          construct the sawmill before the pulp mill because the byproduct            
          chips from the sawmill were a vital part of the raw material                
          supply needed for the pulp mill.  KKO anticipated that it would             
          construct and operate both the sawmill and the pulp mill alone,             
          expecting that the sawmill's profits would be optimized by an               
          adjacent pulp mill.                                                         
               In connection with the two-step project, LRFP was formed,              
          and it established relations with local suppliers of timber.                
          LRFP also filed applications for air and water pollution permits            
          and studied the requirements for an energy permit.  In 1975 or              






Page:  Previous  1  2  3  4  5  6  7  8  9  10  11  12  13  14  15  16  17  18  19  20  Next

Last modified: May 25, 2011