International Paper has entered into a definitive agreement to sell its foodservice business in China to Huhtamaki Hong Kong Limited.
International Paper's foodservice business in China has two plants and a workforce of approximately 200 employees. The transaction is expected to be completed in the next couple of months, subject to satisfaction of closing conditions, including obtaining required governmental approvals.
International Paper is a leading global producer of renewable fiber-based packaging, pulp and paper products with manufacturing operations in North America, Latin America, Europe, North Africa, Asia and Russia.
