International Paper announced on July 1, 2025, the completion of the divestiture of five European corrugated box plants to PALM Group. This sale was a direct requirement from the European Commission to satisfy regulatory commitments related to International Paper's acquisition of DS Smith Plc.
The divested facilities include three plants in Normandy, France (Saint-Amand, Mortagne, and Cabourg), one box plant in Ovar, Portugal, and one in Bilbao, Spain. This transaction ensures that International Paper has fulfilled all its obligations to the European Commission concerning the DS Smith acquisition.
The completion of this divestiture removes a significant regulatory hurdle, allowing International Paper to fully integrate DS Smith and focus on its expanded global sustainable packaging solutions business. This step solidifies the combined company's operational framework in Europe.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.