IP Announces Plan to Divest 5 European Corrugated Box Plants

International Paper (IP) has announced an agreement to sell five corrugated box plants in Europe to Germany-based PALM Group. The transaction, subject to approval from the European Commission, is expected to close by the end of the second quarter of 2025. Once completed, the sale will fulfill all of IP’s commitments to the European Commission related to its acquisition of DS Smith Plc.The assets included in the sale include three plants in Normandy, France, one box plant in Ovar, Portugal, and another box p ...