International Paper Acquires Two Corrugated Packaging Plants in Spain
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International Paper announced that it has purchased two state-of-the-art corrugated box plants in Spain, further growing its capabilities in Madrid and Catalonia, the largest industrial regions in the country.
Terms of the transactions were not disclosed.
In a written statement, International Paper said, "Corrugated packaging is a strategic business for International Paper in EMEA and offers customers high-quality packaging solutions in the industrial, fresh fruit and vegetable, and e-commerce segments."
The two businesses will become part of International Paper effective April 1, 2021.
