Date Closed

May 26, 2010

Lead Office

Toronto

Value

400.00 Million USD

On May 26, 2010, Atlanta based Georgia-Pacific LLC completed 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, totalled 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.

McCarthy Tétrault LLP represented TD Bank, the agent for the first lien lender, with a team led by Kevin McElcheran.