International Paper and Graphic Packaging create a leading consumer goods packaging platform

November 1th 2017

International Paper (IP) has signed a definitive agreement to merge its North America Consumer Packaging company with Graphic Packaging in a transaction valued at $ 1800 billion.

IP plans to use the $ 660 million in cash from the Graphic Packaging loan to pay off its current debt. IP will also receive a 20,5% equity stake worth $ 1140 billion in a Graphic Packaging subsidiary that will hold the assets of the combined company. The transaction is expected to close in early 2018, subject to regulatory approvals and other specific closing conditions being met.

North America Consumer Packaging by International Paper is a leading company in the manufacture and converting of bleached solid cardboard used in a number of fiber-based products for the food industry, such as hot and cold drink cups, boxes, paper plates, food packaging and liquid packaging. The transaction includes 3900 Coated Paperboard and Foodservice employees located in 10 locations in the United States and the United Kingdom.

You may be interested in continuing reading ...

Translate »