Mayr-Melnhof Karton, a paper and packaging manufacturer, completed the acquisition of Kwidzyn pulp and paper mill from International Paper, an American pulp and paper company, for $812m. "The takeover enables MMK to drive innovations for more sustainable packaging solutions in the growing market for virgin fiber cardboard and also creates attractive new perspectives through the integration of pulp and paper at a European location with cost advantages. We have great confidence in the highly qualified team at Kwidzyn to shape a promising future together," Peter Oswald, Mayr-Melnhof CEO.