Georgia-Pacific said Wednesday it reached a deal to acquire Parsons & Whittemore's Alabama River and Alabama Pine  pulp mills in Perdue Hill, Ala. Terms of the deal were not disclosed but Georgia-Pacific gets the assets of the pulp mills, a biodiesel plant, chip mills and a pulpwood yard. The transaction is expected to close in the third quarter of this year.

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Senate Majority Leader John Thune, R-S.D. (center) is flanked by GOP whip Sen. John Barrasso, R-Wyo. (left) and Finance Committee Chairman Mike Crapo, R-Idaho, as Thune speak to reporters at the Capitol in Washington on Tuesday, July 1, 2025. Earlier Tuesday, the Senate passed the budget reconciliation package of President Donald Trump's signature bill of big tax breaks and spending cuts. (J. Scott Applewhite/AP)

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