M&A Deal Summary

International Paper Acquires Hammermill Paper

On January 1, 1984, International Paper acquired forest products company Hammermill Paper from McEwen Lumber for 1.1B USD

Acquisition Highlights
  • This is International Paper’s 1st transaction in the Forest Products sector.
  • This is International Paper’s 5th largest (disclosed) transaction.
  • This is International Paper’s 1st transaction in the United States.
  • This is International Paper’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 1984-01-01
Target Hammermill Paper
Sector Forest Products
Buyer(s) International Paper
Sellers(s) McEwen Lumber
Deal Type Divestiture
Deal Value 1.1B USD

Target

Hammermill Paper

Erie, Pennsylvania, United States
In 1898, three brothers Ernst, Otto and Bernard Behrend along with their father Moritz, formed the Hammermill Paper Company along the shores of Lake Erie, in Erie, Pennsylvania.Manufactures paper for writing and printing applications.

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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 1 of 15
Sector (Forest Products) 1 of 3
Type (Divestiture) 1 of 7
State (Pennsylvania) 1 of 1
Country (United States) 1 of 10
Year (1984) 1 of 1
Size (of disclosed) 5 of 10
FOLLOWING 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

Seller(S) 1

SELLER

McEwen Lumber

Tucson, Arizona, United States
Category Company
Founded 1984
Sector Forest Products
DESCRIPTION

McEwen Lumber Co. founded in 1984.Manufactures hardwood and specialty products.

DEAL STATS #
Overall 1 of 1
Sector (Forest Products) 1 of 1
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (1984) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1982-01-01 Hammermill Paper

Erie, Pennsylvania, United States

In 1898, three brothers Ernst, Otto and Bernard Behrend along with their father Moritz, formed the Hammermill Paper Company along the shores of Lake Erie, in Erie, Pennsylvania.Manufactures paper for writing and printing applications.

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