NEW YORK: PR firm Kekst & Co. worked with Koch Industries on the conglomerate's $21 billion acquisition of building and paper product manufacturer Georgia-Pacific (GP).
Mary Beth Jarvis, Koch's communications director, said the company has worked with Kekst for 15 years, mostly "on a behind-the-scenes basis."
"Very few of our deals are quite this public," Jarvis said, "[but] they've been steady help on our acquisitions."
Kekst partner Jeffrey Taufield declined comment on the deal.
Koch has no plans to change GP's staffing levels, and GP will continue to operate under its existing name and management.
GP handled communications surrounding the transaction in-house, according to spokeswoman Robin Keegan. She said GP is in the midst of internal communications, including conference calls and company-wide bulletins. GP also conducted a live satellite broadcast on the day of the announcement from CEO Pete Correll, along with Koch executives.
Keegan said GP is stressing to staff that being privately held will make it more flexible and focused on long-term results.