M&A Deal Summary

International Paper Acquires Union Camp

On November 25, 1998, International Paper acquired packaging company Union Camp for 5.0B USD

Acquisition Highlights
  • This is International Paper’s 1st transaction in the Packaging sector.
  • This is International Paper’s 2nd largest (disclosed) transaction.
  • This is International Paper’s 3rd transaction in the United States.
  • This is International Paper’s 1st transaction in New Jersey.

M&A Deal Summary

Date 1998-11-25
Target Union Camp
Sector Packaging
Buyer(s) International Paper
Deal Type Merger
Deal Value 5.0B USD

Target

Union Camp

Wayne, New Jersey, United States
Union Camp is a manufacturer of paperboard and packaging, fine paper, and wood products. The Company was formed in 1956.

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Buyer(S) 1

Buyer

International Paper

Memphis, Tennessee, United States

Category Company
Founded 1898
Sector Packaging
Employees38,200
Revenue 18.9B USD (2023)
DESCRIPTION
International Paper's corporate headquarters in Memphis, Tennessee.
International Paper's corporate headquarters in Memphis, Tennessee.

International Paper is a multinational company operating in the packaging and paper industry. International Paper provides sustainable packaging, pulp, and paper products and serves a diverse range of customers, including manufacturers, retailers, and consumers. International Paper was founded in 1898 and is based in Memphis, Tennessee.


DEAL STATS #
Overall 3 of 15
Sector (Packaging) 1 of 9
Type (Merger) 1 of 2
State (New Jersey) 1 of 2
Country (United States) 3 of 10
Year (1998) 1 of 1
Size (of disclosed) 2 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1988-10-01 Masonite

Chicago, Illinois, United States

Masonite Corp. is a manufacturer of doors and door components.

Buy $400M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-02-17 Shorewood Packaging

New York, New York, United States

Shorewood Packaging Corporation is a value-added provider of high quality printing and paperboard packaging for the computer software, cosmetics and toiletries, food, home video, music, tobacco and general consumer markets in North America and China, with 16 plants in the United States, Canada and China.

Buy $875M