PALM to acquire five corrugated box plants from International Paper.

PALM, a European producer of containerboard, graphic paper and corrugated packaging, agreed to acquire five corrugated box plants from International Paper, a provider of sustainable packaging solutions. Financial terms were not disclosed. "Finding the right buyer for these five facilities has been a top priority for our team since the completion of the acquisition of DS Smith, and I'm pleased that we have found one in PALM. We are grateful for the many contributions the team members at these five plants have made to the company and know they will continue to be successful and deliver value with their new owners," Andy Silvernail, International Paper Chairman and CEO.