Germany's Palm Group has finalised its acquisition of five corrugated packaging plants previously owned by US-based International Paper (IP). The transaction was completed on 30 June 2025, following clearance from the European Commission and the French antitrust authorities.
With this strategic move, Palm strengthens its position in the European corrugated packaging market and significantly expands its presence across France, Spain and Portugal.
Palm also reaffirmed its commitment to the existing customer base of the newly acquired plants.
Dr Marina Palm, Managing Director of the Palm Group, expressed satisfaction with the timely completion of the deal: “This was made possible thanks to the constructive collaboration of all parties involved.”
She emphasised the strategic relevance of the acquisition: “It marks an important step in our long-term growth strategy. It allows us to enhance our market presence in key regions and to serve our customers with local production facilities.”
“We warmly welcome the employees of the five new sites to the PALM Group and look forward to shaping our shared future together,” Dr Palm added.
