International Paper buys Europac’s corrugated packaging facility in Morocco

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International Paper (IP) has signed a contract to buy Europac’s Tangier box plant in Morocco for €40m. After balance sheet adjustments the transaction price would add to €44m, informed Europac. The plant recorded a turnover of €8m and a negative EBITDA of €2m in 2016. According to earlier information, the ...

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