International Paper, a leader in sustainable packaging solutions, has completed the acquisition of North Pacific Paper Company, a portfolio company of One Rock Capital Partners, for $360MM.
The acquisition brings together two strong teams, high-quality products, and a shared commitment to serving customers. Adding NORPAC to the International Paper portfolio will enhance system flexibility and expand capabilities.
“Today is an important milestone for the NORPAC team and for Longview as we officially become part of International Paper,” said Craig Anneberg, CEO, NORPAC. “I’m proud of our employees for what we’ve built here, and joining International Paper gives us the opportunity to build on that foundation. We’re committed to continuing our role as a strong employer and community partner in Longview.”
“We’re proud to welcome the NORPAC team to International Paper and look forward to what we will accomplish together,” said Tom Hamic, Executive Vice President and President, Packaging Solutions North America, International Paper. “NORPAC is a strong strategic fit for our business and expands our capabilities to support growing customer demand for lightweight high-performance packaging grades while improving service to our West Coast customers.”
The acquisition of NORPAC is part of International Paper’s strategic transformation to maximize value creation for customers, employees and shareholders.
Photo/International Paper
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