With this acquisition, PALM strategically strengthens its position in the European corrugated packaging market and expands its geographical footprint in France, Spain and Portugal.
International Paper
International Paper to exit molded fiber business; additional facility changes planned.
If pursued, this proposed new facility will feature cutting-edge technology and equipment to help enable International Paper's ability to deliver innovative and sustainable packaging solutions to a growing customer base in the western U.S.
International Paper will make strategic investments to convert the current Edinburg, Texas sheet plant into a warehouse, invest in its current facility in McAllen, Texas to increase capabilities and shift its current Reynosa, Mexico operations to a new, more modern and capable facility that is currently under construct...
With a production capacity exceeding 10,000 tons annually, it is capable of processing both viscose and polyester fibers.
The new facility is currently scheduled to begin operations in the Q4 2026 and create an estimated 65 new jobs to the current facility with a total of 190 team members.
International Paper reported Q1 2025 net earnings (loss) of $105 million, or $0.24 per diluted share.
The closing is expected by the end of the Q2 2025.