This website uses cookies to store information on your computer. Some of these cookies are used for visitor analysis, others are essential to making our site function properly and improve the user experience. By using this site, you consent to the placement of these cookies. Click Accept to consent and dismiss this message or Deny to leave this website. Read our Privacy Statement for more.
Join | Print Page | Contact Us | Sign In
News & Press: Industry

International Paper Says It Has Options of Smurfit Deal Doesn’t Work Out

Friday, April 27, 2018   (0 Comments)
Posted by: Alyce Ryan
Share |

If International Paper’s bid for Smurfit Kappa doesn’t work out, the world’s largest paper maker says it will find other ways to take advantage of surging cardboard box demand.


There is “tremendous opportunity” for the Memphis, Tennessee-based company to grow organically and lower costs via increased automation, chief executive officer Mark Sutton said on Thursday.


International Paper is trying to go to the “next level” by acquiring Smurfit Kappa. However, the box maker last month rejected a sweetened €8.9 billion ($10.8 billion) takeover proposal as inadequate.

Read Full Article