International Paper (IP) sells paper and pulp mill for $812M

In an agreement with Mayr-MelnhofKarton AG, International Paper has agreed to sell its Kwidzyn paper and pulp mill for an estimated $812 million in cash, subject to closing adjustments for net debt and net working capital. A total of 2,300 people work at the Kwidzyn mill and it is capable of producing 740,000 tonnes of […]