M&A Deal Summary

International Paper Acquires Shorewood Packaging

On February 17, 2000, International Paper acquired packaging company Shorewood Packaging for 875M USD

Acquisition Highlights
  • This is International Paper’s 2nd transaction in the Packaging sector.
  • This is International Paper’s 6th largest (disclosed) transaction.
  • This is International Paper’s 4th transaction in the United States.
  • This is International Paper’s 1st transaction in New York.

M&A Deal Summary

Date 2000-02-17
Target Shorewood Packaging
Sector Packaging
Buyer(s) International Paper
Deal Type Add-on Acquisition
Deal Value 875M USD

Target

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.

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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 4 of 15
Sector (Packaging) 2 of 9
Type (Add-on Acquisition) 1 of 4
State (New York) 1 of 1
Country (United States) 4 of 10
Year (2000) 1 of 1
Size (of disclosed) 6 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-11-25 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.

Buy $5.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-10-02 Masonite

Chicago, Illinois, United States

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

Sell $523M