Industry News

International Paper Agrees To Sell Arizona Chemical

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By: DAVID SAVASTANO

Editor, Ink World Magazine

International Paper has signed two definitive agreements related to the sales of its beverage packaging and Arizona Chemical businesses for combined proceeds of approximately $985 million. The transactions are both subject to certain adjustments and conditions at closing, including receipt of regulatory approvals.      International Paper has agreed to sell its Arizona Chemical business to Rhône Capital III L.P.  for approximately $485 million, subject to certain adjustments. As part of the t...

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