ATLANTA, Georgia. November 23, 1998 -- Georgia-Pacific Corp. today announced its purchase of the paper chemicals businesses of Borden Chemical Inc. of Columbus, Ohio.

Through an agreement, Georgia-Pacific has acquired Borden Chemical’s wet strength, dry strength and temporary wet strength lines of both polyamide and urea-formaldehyde chemistry base.

Georgia-Pacific Resins Inc., which is the chemical division of Georgia-Pacific Corp., is a major producer and marketer of performance paper chemicals, including internal and surface sizing agents, strength resins, coating products and other additives used in papermaking.

“This acquisition provides us the opportunity to expand our existing market base and enhance our product line of performance paper chemicals,” said Mario Concha, Georgia-Pacific vice president – chemicals and resins. “It will strengthen our geographical supply capabilities of wet strength resins through the continued manufacture of such products in several of Borden’s production facilities.”

Through this multi-year agreement, Borden will continue to make products for
Georgia-Pacific at Borden Chemical plants in Laval, Quebec, Canada; Sheboygan, Wis.; and Springfield, Ore.

Borden Chemical is a leading global producer and supplier of formaldehyde, resins, coatings and other specialty chemical products used in forest products, foundry and other industrial applications.

Georgia-Pacific Resins is one of the nation’s leading manufacturers of chemical products for the building products and pulp and paper industries as well as other industrial manufacturing processes. Georgia-Pacific operates 19 chemical manufacturing operations and related research facilities and is a joint venture partner with other companies in South Africa and South America.

Headquartered at Atlanta, Georgia-Pacific is the leading manufacturer and distributor of building products in the United States and one of the world’s leading manufacturers and distributors of pulp, paper and building products and related chemicals. It consists of two distinct operating groups -- the Georgia-Pacific Group (NYSE: GP), which includes the pulp, paper and building products business, and The Timber Company (NYSE: TGP), which manages 5.8 million acres of timberland in North America.

Media Contact:
Ken Haldin (404) 652-6098