International Paper Acquires Two Corrugated Packaging Plants in Spain

Rhea-AI Summary

International Paper (NYSE: IP) has acquired two advanced corrugated box plants located in Spain, specifically in Madrid and Catalonia, effective April 1, 2021. The acquisition aims to enhance the company's capabilities in the corrugated packaging market, which is essential for industrial, fresh produce, and e-commerce sectors. The financial terms of the transactions remain undisclosed, but this strategic move underscores International Paper's commitment to expanding its operations in the EMEA region. The company generated net sales of $21 billion in 2020 and serves over 25,000 customers globally.

Positive

• Acquisition of two corrugated box plants enhances operational capabilities.
• Strengthens presence in key industrial regions of Spain.
• Expected to boost market share in industrial and e-commerce packaging.

Negative

• None.

MEMPHIS, Tenn., March 30, 2021 /PRNewswire/ -- International Paper (NYSE: IP) has purchased two state-of-the-art corrugated box plants in Spain, further growing its capabilities in Madrid and Catalonia, the largest industrial regions in the country. The terms of the transactions were not disclosed. Corrugated packaging is a strategic business for International Paper in EMEA and offers customers high-quality packaging solutions in the industrial, fresh fruit and vegetable, and e-commerce segments. The two businesses will become part of International Paper effective April 1, 2021.

About International Paper
International Paper (NYSE: IP) is a leading global producer of renewable fiber-based packaging, pulp and paper products with manufacturing operations in North America, Latin America, Europe, North Africa and Russia. We produce corrugated packaging products that protect and promote goods, and enable world-wide commerce; pulp for diapers, tissue and other personal hygiene products that promote health and wellness; and papers that facilitate education and communication. We are headquartered in Memphis, Tenn., employ approximately 48,000 colleagues and serve more than 25,000 customers in 150 countries. Net sales for 2020 were $21 billion. For more information about International Paper, our products and global citizenship efforts, please visit internationalpaper.com

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SOURCE International Paper

FAQ

What did International Paper acquire in Spain?

International Paper acquired two advanced corrugated box plants in Spain.

When will the acquisition of the plants take effect?

The acquisition will take effect on April 1, 2021.

What are the strategic benefits of this acquisition for International Paper?

The acquisition enhances operational capabilities and strengthens market presence in the EMEA region.

What financial terms were disclosed about the acquisition?

The financial terms of the transactions were not disclosed.

How does this acquisition impact International Paper's market position?

It is expected to boost International Paper's market share in various sectors including e-commerce and industrial packaging.