# Bast Fibre Tech acquires 65-acre fiber processing factory from Georgia-Pacific

Bast Fibre Tech purchased a 65-acre natural fiber processing facility in Lumberton, North Carolina from Georgia-Pacific to process bast fibers from hemp, jute, flax and kenaf for nonwovens.

- Type: Acquisition
- Announced: 2022-01-19
- Where: Lumberton, North Carolina, United States
- Status: completed
- Capacity: 65 acres
- Products: natural bast fibers, nonwoven materials
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Georgia-Pacific](https://endata.com/companies/1870.md) (target)
- [Bast Fibre Tech](https://endata.com/companies/60462.md) (acquirer)

## Sources

- [letstalkhemp.com](https://letstalkhemp.com/hemp-fiber-tech-company/), 2022-01-19: "There's a massive demand among brands and governments for natural, plant-based disposable wipes for babies and cosmetics, to move away from plastic supply chains."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.