A further note of clarification, Plasticon’s original contract with Georgia Pacific is under the name of Promotional Containers, Inc. Promotional Containers, Inc. is a wholly owned subsidiary of Plasticon International Inc.
More corporate incestuous activity.
Plasticon BusPlan 2005 - 2008 p98 -
For purposes of understanding the GeorgiaPacific/BlueLinx relationship and how it
pertains to Plasticon International Inc. the following explanation is offered.
Plasticon’s original contract to supply Georgia Pacific’s national distribution network with rebar
support products was signed on February 14, 2004.(see Georgia Pacific contract)
Shortly after this contract was executed by both parties, Georgia Pacific asked for a delay in the
roll out of Plasticon’s products to it’s (Georgia Pacific) national distribution network, due to the
fact that Georgia Pacific was initiating a spinoff of said network into a separate private entity.
This separate private entity was a company named BlueLinx.
The spinoff took several months to complete, and in fact was finalized in May of 2004.
In Seprtember of 2004 BlueLinx filed for an Initial Public Offering with the Securities and
Exchange Commission. On December 14, 2004 BlueLinx priced its initial public offering, trading
on the NYSE under the ticker symbol BXC. Under the terms of Georgia Pacific’s transaction with
BlueLinx, Plasticon’s original contract with Georgia Pacific was purchased by BlueLinks along with
Georgia Pacific’s entire national distribution network. Attached with this letter of clarification are
several press releases from BlueLinx which serve to further explain the transaction between
Georgia Pacific and BlueLinx.
A further note of clarification, Plasticon’s original contract with Georgia Pacific is under the name
of Promotional Containers, Inc. Promotional Containers, Inc. is a wholly owned subsidiary of
Plasticon International Inc. |
