International Paper in Exclusive Talks with Germany's PALM Group for Sale of Five European Plants

In a notable industrial manoeuvre, International Paper Company is entering exclusive talks with Germany’s PALM Group for the sale of five of their European box production plants. This negotiation follows an irrevocable offer made by the PALM Group to the paper giant, and the two are ready to hatch out the details of a definitive share purchase contract. The sale of these plants comes as a solution proposed by the European Commission for International Paper’s previous acquisition of DS Smith Plc.

Headquartered in Memphis, Tennessee, and with Europe, Middle East, and Africa operations based out of London, International Paper serves clients globally from more than 30 countries. The company is known for its sustainable packaging solutions, ensuring safety and increased productivity. In 2024, the company reported a net sale of $18.6 billion, further consolidating its position as an industry leader in packaging.