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International Paper in Negotiations with PALM Group on Sale of Five European Corrugated Box Plants
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International Paper in Negotiations with PALM Group on Sale of Five European Corrugated Box Plants

International Paper announced that the company has entered into exclusive negotiations with PALM Group of Germany after receiving an irrevocable offer for the purchase of five corrugated box plants in Europe: (i) three plants in Normandy, France (namely, one box plant in Saint-Amand, one box plant in Mortagne, and one sheet plant in Cabourg); (ii) one box plant in Ovar, Portugal; and (iii) one box plant in Bilbao, Spain.

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