International Paper Strengthens West Coast Presence with $360 Million Acquisition

International Paper Strengthens West Coast Presence with Acquisition of North Pacific Paper Company

International Paper (NYSE: IP; LSE: IPC), renowned for its sustainable packaging solutions, is turning a new page as it completes the acquisition of North Pacific Paper Company (NORPAC) for a substantial $360 million. This strategic move aims to bolster International Paper's operational capabilities and service quality, particularly on the burgeoning West Coast market.

The merger comes as a significant milestone, merging two strong teams with a shared commitment to delivering high-quality products to customers. With NORPAC's long history in the paper industry and its focus on environmentally sustainable lightweight recycled packaging papers, the acquisition is poised to create synergy and enhance system flexibility across both companies.

Craig Anneberg, CEO of NORPAC, expressed pride in the team’s accomplishments and emphasized the new opportunities arising from this union. He remarked, "We are committed to continuing our role as a strong employer and community partner in Longview, and joining International Paper allows us to build on that foundation."

Tom Hamic, Executive Vice President and President of Packaging Solutions North America at International Paper, welcomed the NORPAC team, stating that this acquisition is a strategic fit that enhances their capabilities and supports the growing demand for lightweight, high-performance packaging. This move is pivotal as it aims to improve service levels and operational flexibility for their West Coast clientele.

This acquisition mirrors International Paper's ongoing strategic transformation, which emphasizes value creation not only for customers but also for employees and shareholders alike. The integration of NORPAC is expected to streamline operations and open avenues for innovative product offerings, aligning with market trends that prioritize sustainability and efficiency.

About International Paper

Founded in 1898, International Paper stands at the forefront of sustainable packaging solutions. With a mission to empower not just their customers but also their workforce and stakeholders, the company has established itself as a leader in corrugated packaging. They continuously innovate to strengthen supply chains and create lasting value across numerous industries. Learn more at internationalpaper.com.

About NORPAC

Located in Longview, Washington, NORPAC has been a significant player in producing lightweight recycled packaging papers for nearly 50 years. The company is dedicated to innovation and sustainability, adapting to technological and societal changes while prioritizing environmental responsibility. More information about their products and initiatives can be found at norpacpaper.com.

About One Rock Capital Partners, LLC

As an investment firm specializing in operational improvements, One Rock Capital Partners provides the necessary expertise and rigorous approach that aids in acquiring and enhancing businesses like NORPAC. For deeper insights into their valuation methodologies and investment strategies, visit onerock.com.

As the industry evolves, sectors like packaging face increasing scrutiny regarding sustainability and efficiency. International Paper’s acquisition of NORPAC positions them strategically to respond to these challenges, ensuring they not only maintain but enhance their competitiveness in a rapidly changing market landscape.

As both organizations collaborate and integrate their operations, customers and stakeholders are poised to benefit from an expanded product line that emphasizes eco-friendliness and operational prowess. The future looks bright for International Paper as they embark on this new chapter of growth and innovation.