US paper giant International Paper (IP) is further expanding its operations in Spain.
The group announced it had acquired the two Spanish corrugated packaging manufacturers La Gaviota, based in Griñón near Madrid, and Cartonatges Trilla S.A. located in Valls near Tarragona. Both companies have become part of International Paper effective 1 April 2021. The value of the transactions was not disclosed. Going forward, the companies will operate as International Paper Griñón, S.L. and International Paper Valls, S.A., respectively.
La Goviota employs approximately 60 people and operates one corrugator and several modern corrugated and solid board converting lines, including high quality printing and specialty packaging capabilities. With its proximity to International Paper’s recycled containerboard mill and associated recycling operations, the acquisition of La Gaviota supports IP’s commitment to strengthening the circular economy, the company said.
Cartonatges Trilla S.A., with 100 staff, operates one corrugator and several modern corrugated converting lines, including high quality printing and specialty packaging capabilities.
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