International Paper in Exclusive Talks to Sell Five European Plants

By Tamara Parker • Monday, April 14 10:01 • Permanent Link

International Paper (IP) has announced its exclusive negotiations with Palm Group of Germany for the sale of five of its European corrugated box plants. The plants include three in Normandy, France, one in Ovar, Portugal, and one in Bilbao, Spain. The sale is expected to be completed by the end of the second quarter of 2025.

This divestment is part of IP's obligations towards the European Commission following its acquisition of DS Smith PLC. The acquisition, completed in 2025, aimed at creating an industry leader in the North American and EMEA regions.

Following the sale, IP will have satisfied all of its obligations towards the European Commission in connection with the acquisition of DS Smith PLC.

Palm Group, a family-owned company based in Germany, operates 5 paper mills and 29 corrugated box plants. In 2024, it achieved a turnover of €2 billion with 4,200 employees.

These developments come after IP reported net sales of $18.6 billion for 2024, prior to the acquisition of DS Smith PLC.

The negotiations with Palm Group signify a significant step for IP in fulfilling its regulatory commitments, and the completion of the sale will mark a crucial milestone in the company's post-acquisition strategy. Following these announcements, the company's shares moved 1.6%, and are now trading at a price of $47.58. If you want to know more, read the company's complete 8-K report here.

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