M&A Deal Summary

Huhtamaki Hong Kong Acquires International Paper - Foodservice Business

On June 29, 2017, Huhtamaki Hong Kong acquired packaging company International Paper - Foodservice Business from International Paper

Acquisition Highlights
  • This is Huhtamaki Hong Kong’s 1st transaction in the Packaging sector.
  • This is Huhtamaki Hong Kong’s 1st transaction in the United States.
  • This is Huhtamaki Hong Kong’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2017-06-29
Target International Paper - Foodservice Business
Sector Packaging
Buyer(s) Huhtamaki Hong Kong
Sellers(s) International Paper
Deal Type Divestiture

Target

International Paper - Foodservice Business

Memphis, Tennessee, United States
International Paper Co. - Foodservice Business is a provider of packaging services for food service business.

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Buyer(S) 1

Buyer

Huhtamaki Hong Kong

China
Category Company
Sector Packaging
DESCRIPTION

Huhtamaki Hong Kong Ltd. is a provider of packing services in Hong Kong.

DEAL STATS #
Overall 1 of 1
Sector (Packaging) 1 of 1
Type (Divestiture) 1 of 1
State (Tennessee) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1

Seller(S) 1

SELLER

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 8 of 12
Sector (Packaging) 3 of 7
Type (Divestiture) 7 of 9
State (Tennessee) 2 of 4
Country (United States) 5 of 7
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-02 Weyerhaeuser - Pulp Business

United States

Weyerhaeuser Co. - Pulp Business includes five pulp mills and two converting facilities that produce fluff pulp, softwood pulp, and specialty pulp for a number of consumer applications including diapers, other hygiene products, tissue, and textiles.

Buy USD2.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-02 International Paper - North America Consumer Packaging Business

Memphis, Tennessee, United States

International Paper Co.'s North America Consumer Packaging Business is a manufacturer of containerboard and corrugated packaging products.

Sell -
Mergr

Product

Company

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