International Paper (NYSE: IP) today 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. The transferred business includes approximately 3,900 employees, two coated paperboard mills and three converting facilities in the U.S., along with one converting facility in the U.K.
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Klabin is one of the exhibitors at the 44th Expocitros and the 40th Citriculture Week, organized simultaneously by the Sylvio Moreira Citriculture Center until June 8, in Cordeirópolis in the interior region of São Paulo. The company is showcasing its recyclable corrugated board packaging solutions for the agricultural produce segment, especially citrus fruits. Visitors can learn about and explore the characteristics of Klabin’s packaging solutions, which are tailor-made to the specifications of diverse products in this market. The Company’s corrugated board boxes come in specific formats to accommodate and pack fruits, vegetables, greens and other food products, thus guaranteeing resistance, food protection, as well as ease of storage and transportation. Moreover, the packaging is recyclable and produced from raw material obtained from planted and certified forests. Click Read More below for additional information.
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