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IP now holds a 20.5% ownership interest in subsidiary that holds the assets of the combined business.
January 3, 2018
By: DAVID SAVASTANO
International Paper announced that it has completed the transfer of its North America Consumer Packaging business to Graphic Packaging. As a result of the transaction, Graphic Packaging has assumed $660 million of IP debt. IP now holds a 20.5% ownership interest in the subsidiary of Graphic Packaging that holds the assets of the combined business. Â The transferred business includes approximately 3,900 employees, two coated paperboard mills and three converting facilities in the US, along with one converting facility in the UK.
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