International Paper Completes the Sale of Its Asian Corrugated Packaging Business

International Paper (NYSE: IP) today announced that it has completed two previously disclosed transactions – the sale of its corrugated packaging business in China and Southeast Asia to Xiamen Bridge Hexing Equity Investment Partnership Enterprise; and the acquisition of the Holmen Paper Madrid Mill in Spain. The Company plans to convert the newsprint machine to produce recycled containerboard during the second half of 2017.
http://internationalpaper2015.q4web.com/news-releases/press-r/2016/International-Paper-Completes-the-Sale-of-Its-Asian-Corrugated-Packaging-Business/default.aspx

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