International Paper's Strategic Acquisition of North Pacific Paper Company Aims to Expand West Coast Operations

International Paper's Acquisition of NORPAC

On April 16, 2026, International Paper (NYSE: IP; LSE: IPC), a prominent player in sustainable packaging solutions, announced an agreement to acquire North Pacific Paper Company (NORPAC) for $360 million. This acquisition marks a significant move aimed at bolstering International Paper's operations on the West Coast region.

NORPAC, located in Longview, Washington, is a well-established manufacturer of various types of papers. With a workforce of nearly 500 employees, the company operates three leading machines that are capable of producing around one million tons of containerboard and other paper grades each year. The integration of NORPAC into International Paper's existing portfolio will not only improve operational flexibility but will also help in reducing overall costs. Most importantly, it is expected to enhance the company’s capability to meet the rising demand for lightweight, high-performance recycled containerboard, which is increasingly sought after in today's sustainable packaging landscape.

Tom Hamic, Executive Vice President and President of Packaging Solutions North America at International Paper, expressed his enthusiasm regarding the acquisition. He stated, "This acquisition is a strong strategic fit for our business and supports our long-term value creation priorities. NORPAC's attractive customer base, location, and operational capabilities strengthen our ability to serve customers in the growing West Coast region." Hamic also mentioned that they are eager to collaborate with the team at NORPAC and its clientele to ensure a seamless transition and integration.

Tony Lee, Co-Founder and Managing Partner of One Rock Capital Partners, which currently oversees NORPAC, acknowledged the business’s robust management team and dedicated workforce. He emphasized the successful transformation they achieved during their ownership and expressed confidence in the strategic fit this acquisition represents for both companies, asserting that this move will fortify NORPAC's market position moving forward.

The planned acquisition demonstrates International Paper’s commitment to its strategic transformation efforts, aiming to maximize value for its customers, shareholders, and employees. However, it is important to note that this acquisition is subject to regulatory approval, highlighting the procedural steps that must still be undertaken before the deal is finalized.

About International Paper

International Paper is committed to creating sustainable packaging solutions that foster prosperity for customers, employees, and shareholders alike in a constantly evolving market. As a leader in corrugated packaging, their mission revolves around protecting vital products, enhancing supply chain efficacy, and generating lasting value. For further details, visitors can explore their corporate website at internationalpaper.com.

About NORPAC

Founded nearly fifty years ago, NORPAC is a well-regarded producer of environmentally sustainable lightweight recycled packaging papers. Known for its innovative approaches and adaptability, the company has successfully navigated various challenges brought on by changes in technology, environment, and societal needs. To learn more, visit norpacpaper.com.

About One Rock Capital Partners, LLC

One Rock Capital Partners focuses on investing in growth-oriented companies while utilizing a systematic approach led by experienced partners to enhance businesses in selected industries. This collaborative strategy aims to grow enterprise value and profitability in the long term. More information can be found at onerock.com.

In conclusion, International Paper's acquisition of NORPAC is anticipated to be a transformative move, strengthening its market position and expanding its capabilities on the West Coast, maximizing their operations in a competitive industry. As the company awaits regulatory approval to proceed, stakeholders across the board are hopeful for the benefits that this strategic acquisition will bring to both International Paper and NORPAC.