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Sierra Pacific Holding Co

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December 27, 1996 | Times Staff and Wire Reports
Georgia-Pacific Corp. agreed to sell land and other assets to privately held Sierra Pacific Holding Co. of Redding for about $320 million. Atlanta-based Georgia-Pacific said it expects to record a gain of about $80 million on the sale of 127,000 acres of timberland, a sawmill and a particleboard plant in Martell, Calif. The mill, which can produce as much as 137 million board feet a year, is the second-largest of Georgia-Pacific's 39 lumber mills.
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