International Paper to acquire Weyerhaeuser's pulp business for USD 2.2 billion

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International Paper to acquire Weyerhaeuser's pulp business for USD 2.2 billion

May 23, 2016 - 14:33
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International Paper has entered into a definitive agreement to purchase Weyerhaeuser's pulp business. Under terms of the agreement, IP will acquire five pulp mills and two converting facilities that produce fluff pulp, softwood pulp, and specialty pulp for a number of consumer applications including diapers, other hygiene products, tissue, and textiles.

"Weyerhaeuser's pulp business has an outstanding customer base served from low-cost, well-run assets that complement our existing system and offers significant synergy opportunities," said International Paper Chairman and CEO Mark Sutton. "This transaction will position us as the premier global supplier of fluff pulp."

Weyerhaeuser's pulp business has approximately 1,900 employees throughout the U.S. (Mississippi, Georgia, North Carolina), Canada and Poland.