Intl. Paper To Pay $200M For SCA Asian Packaging Biz

Law360, New York (April 26, 2010, 1:01 PM EDT) -- International Paper Co. said Monday it would pay $200 million to buy the Asian packaging business of Swedish conglomerate SCA Group in a bid to beef up its packaging operations on the continent.

The Memphis-based paper and packaging manufacturer said it had finalized the all-cash deal to purchase 15 of SCA's plants spread across four countries. SCA and International Paper expect to conclude the purchase in the second quarter of 2010.

SCA, based in Stockholm, will divest 13 corrugated box plants and two specialty packaging facilities...
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