International Paper to acquire North Pacific Paper Company for $360M

International Paper (IP) announced that it has entered into an agreement to acquire North Pacific Paper Company, a portfolio company of One Rock Capital Partners, for $360M. “This acquisition is a strong strategic fit for our business and supports our long-term value creation priorities,” said Tom Hamic, Executive Vice President and President, Packaging Solutions North America, International Paper. “NORPAC’s attractive customer base, location and operational capabilities strengthen our ability to serve customers in the growing West Coast region. We look forward to partnering with the mill team and its customers to deliver a safe, seamless integration.” The acquisition is subject to regulatory approval.