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0.000269106566200162 0.000269106566200162 0.00174919268030134 -0.000269106566200353 0.00336383207750269 -0.000807319698600676 -0.000807319698600676 -0.000807319698600676
Stock impact report

International Paper to acquire North Pacific Paper Co. for $360M [Yahoo! Finance]

International Paper Company (IP) 
Last international paper company earnings: 4/30 07:00 am Check Earnings Report
US:NYSE Investor Relations: internationalpaper.com/performance
Company Research Source: Yahoo! Finance
Dive Brief: International Paper has agreed to acquire North Pacific Paper Co. from private equity firm One Rock Capital Partners for $360 million. Norpac operations will be rolled into the IP system, a spokesperson said via email. Longview, Washington-based Norpac operates a paper mill that produces about 1 million tons of containerboard and other grades annually. It has approximately 500 employees. The parties expect the deal to close by the third quarter, the spokesperson said, subject to regulatory approval. Dive Insight: Norpac has been a portfolio company of New York-based One Rock for nearly a decade. The company was established in 1976 as a joint venture between Nippon Paper Industries of Japan and forest products company Weyerhauser, and it previously specialized in newsprint. In 2021, Norpac announced it would expand its Longview operations to start producing recycled paper for packaging and other markets, partly in response to the effects of China's National Sword Show less Read more
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