International Paper to acquire SCA's Asian Packaging Business
International Paper (IP) announced that it has signed a definitive agreement to acquire SCA's Asian packaging business for USD 200 million in cash. In 2009, SCA's Asian operation reported sales of approximately USD 250 million and had approximately 4,500 employees in China, Singapore, Malaysia and Indonesia. International Paper said SCA's facilities, which include 13 corrugated box plants and two specialty...