Worldwide Paper acquires two corrugated cardboard packaging crops in Spain

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MEMPHIS, Tenn., March 30, 2021 / PRNewswire / – Worldwide Paper (NYSE: IP) Acquires Two State-of-the-Artwork Corrugated Field Manufacturing Vegetation Spain, additional rising its capacities in Madrid and Catalonia, the nation’s largest industrial areas. Phrases of the transactions weren’t disclosed. Corrugated cardboard packaging is a strategic enterprise for Worldwide Paper within the EMEA area and supplies its prospects with top quality packaging options within the industrial, recent fruit and vegetable and e-commerce segments. Each firms will likely be a part of Worldwide Paper with impact April 1, 2021.

About Worldwide Paper
Worldwide Paper (NYSE: IP) is a number one international producer of renewable fiber packaging, pulp and paper merchandise, with manufacturing operations in North America, Latin America, Europe, North Africa and Russia. We produce corrugated cardboard packaging merchandise that shield and promote items, and allow international commerce; paste for diapers, tissues and different private hygiene merchandise which promote well being and well-being; and articles that facilitate schooling and communication. We’re based mostly in Memphis, Tenn., make use of roughly 48,000 colleagues and serve greater than 25,000 prospects in 150 international locations. Internet gross sales for 2020 had been $ 21 billion. For extra details about Worldwide Paper, our merchandise, and our international citizenship efforts, please go to internationalpaper.com

SOURCE Worldwide Paper

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