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.
Packaging South Asia is the cooperating media partner for drupa 2016 which is scheduled to be held from 31 May to 10 June at Dusseldorf, Germany