Int'l Paper Sells Packaging Biz To Chinese Group For $150M

Law360, New York (March 14, 2016, 8:30 PM EDT) -- International Paper Co. will sell its corrugated packaging business in China and Southeast Asia to a Chinese group, Xiamen Bridge Hexing Equity Investment Partnership Enterprise, for 1 billion yuan ($150 million), IP said on Monday, as it pursues a strategy of moving manufacturing operations out of the region.

The deal, expected to be completed in the next few months, is subject to the buyer's assumption of liability for loans of $50 million to be paid to IP within six months of the sale's closing. It is also subject to the securing of required government approvals.

Monday's corrugated packaging sale doesn't come...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Related Sections


Government Agencies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!