International Paper announced on April 14, 2025, that it has entered into exclusive negotiations with PALM Group of Germany for the purchase of five corrugated box plants in Europe. This divestiture is a direct result of regulatory commitments made to the European Commission for the acquisition of DS Smith Plc.
The plants involved in the sale include three facilities in Normandy, France (Saint-Amand, Mortagne, and Cabourg), one box plant in Ovar, Portugal, and one in Bilbao, Spain. The completion of this sale is expected by the end of the second quarter of 2025, following required French works council consultation and employee information processes.
Chairman and CEO Andy Silvernail stated that finding the right buyer for these facilities was a top priority since the DS Smith acquisition. This transaction will satisfy all of International Paper's obligations towards the European Commission related to the acquisition.
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