International Paper Finalizes Purchase of SCA Packaging Asia Business
July 1, 2010 by timbercommunity
The purchase price amounts to USD 200m in cash. This acquisition strengthens International Paper's industrial packaging business in China -- the largest corrugated market in the world, and it extends our presence in Southeast Asia," said Paul Brown, president, International Paper Asia. "We have an experienced leadership team in place and our business will now be more competitive and better able to serve customers in this fast growing region of the world."
The finalising of the transaction follows approval by the relevant competition authorities. The transaction will not result in any capital gain or loss according to SCA. The first press release ()regarding the transaction was published on 26 April 2010.
Follow us online! Twitter: twitter.com/timbercommunity
Comments
"This acquisition strengthens
October 4, 2010 by steveaustin, 1 year 18 weeks ago
Comment: 22
"This acquisition strengthens International Paper's industrial packaging business in China -- the largest corrugated market in the world, and it extends our presence in Southeast Asia," said Paul Brown, president, International Paper Asia. "We have an experienced leadership team in place and our business will now be more competitive and better able to serve customers in this fast growing region of the world."
Re:
October 4, 2010 by steveaustin, 1 year 18 weeks ago
Comment: 21
"This acquisition strengthens International Paper's industrial packaging business () in China -- the largest corrugated market in the world, and it extends our presence in Southeast Asia," said Paul Brown, president, International Paper Asia. "We have an experienced leadership team in place and our business will now be more competitive and better able to serve customers in this fast growing region of the world."
Re:
October 4, 2010 by steveaustin, 1 year 18 weeks ago
Comment: 20
"This acquisition strengthens International Paper's industrial packaging business () in China -- the largest corrugated market in the world, and it extends our presence in Southeast Asia," said Paul Brown, president, International Paper Asia. "We have an experienced leadership team in place and our business will now be more competitive and better able to serve customers in this fast growing region of the world."