International Paper Acquires Two Corrugated Packaging Plants in Spain
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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.
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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.
Company profile: International Paper, Global Headquarters, USA, Memphis, TN