International Paper said it completed the divestiture of five European plants to PALM Group on July 1, 2025 to satisfy regulatory commitments from its acquisition of DS Smith Plc.

1. 01

   International Paper said it completed the divestiture of five European plants to PALM Group on July 1, 2025 to satisfy regulatory commitments from its acquisition of DS Smith Plc.

2. 02

   The company said the plants being sold include 3 plants in Normandy, France (the Saint-Amand box plant, the Mortagne box plant and the Cabourg sheet plant), the Ovar box plant in Portugal and the Bilbao box plant in Spain.

3. 03

   The company said the sale of these facilities was agreed with the European Commission as a remedy for its DS Smith Plc acquisition, as published on the European Commission's website on January 24, 2025, and that it has therefore satisfied all of its obligations to the European Commission.

4. 04

   In the attached release, the company described PALM as a family-owned company headquartered in Aalen, Germany, and said PALM operates 5 paper mills and 33 corrugated box plants in Europe following the acquisition.

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