International Paper to Acquire North Pacific Paper Co. for $360M

Packaging Dive (04/17/26)

International Paper (IP) has inked a $360 million deal to acquire Washington-based North Pacific Paper Co. (Norpac) from private equity firm One Rock Capital Partners. Norpac's operations will be rolled into the IP system, a spokesperson said via email. Norpac operates a paper mill that produces nearly one million tons of containerboard and other grades per year. It has a payroll of approximately 500 employees. The deal is on pace to close by the end of June, subject to regulatory approval.

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