Memphis based International Paper recently announced that it is buying the corrugated box and paper division from Weyerhousaer. The purchase price of the transaction is reportedly $6 billion dollars.
International Paper has recently been selling significant pieces of its business including forest lands and lumber mills. Those were sold to West Frazier, a Canadian company, who promptly established their United States headquarters in Memphis. After the sell off of significant divisions at IP, it's nice to see them purchasing new businesses.
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Danny,
Just found your blog - you made the Google Alerts on "International Paper." I started as a packaging litigation attorney there 3 weeks ago. Great place to work. See you around town.
Thomas
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