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International Paper acquiring Europac’s facility in Morocco

28 Jun 2017 − 

International Paper has signed a contract to buy Europac's Tangier box plant for €40m.

With this acquisition, the company expects to realise significant synergies in its box system in Morocco as well as from the paper integration with the recently acquired Madrid, Spain, mill and its existing recycled containerboard mill in Kenitra, Morocco. IP said it had obtained all relevant approvals by Moroccan authorities, including antitrust approval. Closing of the transaction is expected for the end of June.

The Tangier facility will become part of International Paper’s Moroccan corrugated packaging business.

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