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International Paper to Divest Five European Corrugated Box Plants

Move is to satisfy regulatory commitments from the acquisition of DS Smith Plc.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

International Paper announced that the company has entered into exclusive negotiations with PALM Group of Germany after receiving an irrevocable offer for the purchase of five corrugated box plants in Europe: (i) three plants in Normandy, France (namely, one box plant in Saint-Amand, one box plant in Mortagne, and one sheet plant in Cabourg); (ii) one box plant in Ovar, Portugal; and (iii) one box plant in Bilbao, Spain. Upon completion of the required French works council consultation and/or...

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