Selling corrugated packaging business in China, Southeast Asia

International Paper signs agreement with Xiamen

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International Paper has entered into an agreement to sell its corrugated packaging business in China and Southeast Asia to Xiamen Bridge Hexing Equity Investment Partnership Enterprise

The transaction is expected to be completed in the next few months, subject to satisfaction of closing conditions, including obtaining required governmental approvals. International Paper is a global leader in packaging and paper with manufacturing operations in North America, Europe, Latin America, Russia, Asia and North Africa. Its businesses include industrial and consumer packaging along with uncoated papers and pulp. Headquartered in Memphis, Tennessee, the company employs approximately 55,000 people and is strategically located in more than 24 countries serving customers worldwide. The company’s net sales for 2015 were US$ 22 billion.

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