International Paper has divested five European plants to PALM Group as part of regulatory commitments from its acquisition of DS Smith, enabling both companies to streamline operations and enhance their market positions.

Target Information

International Paper, a global leader in the paper and packaging industry, has recently divested five of its plants in Europe to PALM Group. This strategic divestiture involves facilities located in France, Portugal, and Spain. Specifically, the plants sold include three box plants in Normandy, France—located in Saint-Amand, Mortagne, and Cabourg—as well as a box plant in Ovar, Portugal, and another in Bilbao, Spain. This decision is aligned with International Paper's commitment to fulfilling regulatory requirements associated with its acquisition of DS Smith.

With headquarters in Memphis, Tennessee, and operations across more than 30 countries, International Paper employs over 65,000 individuals globally. The company reported net sales of $18.6 billion in 2024, highlighting its robust footprint in the packaging and paper markets.

Industry Overview

The paper and packaging industry in Europe, where this transaction occurred, is characterized by a significant shift towards sustainable production and eco-friendly practices. The integration of advanced technologies and materials has become a major