International Paper Expands West Coast Footprint with $360 M (IP)

International Paper Expands West Coast Footprint with $360 Million NORPAC Acquisition

Apr 16, 2026 18:06 UTC

Medium term

International Paper (IP) announced on Thursday a definitive agreement to acquire North Pacific Paper Company (NORPAC) from One Rock Capital Partners in a transaction valued at $360 million. The acquisition centers on NORPAC's operational hub in Longview, Washington. The facility currently employs approximately 500 staff and maintains an annual production capacity of roughly one million tons of containerboard and various other paper grades. According to company leadership, the move is designed to enhance International Paper's mill system by increasing operational flexibility and lowering overall costs. Specifically, the company intends to leverage NORPAC's capabilities to meet the rising market demand for high-performance, lightweight recycled containerboard. Tom Hamic, Executive Vice President and President of Packaging Solutions North America, highlighted that NORPAC's existing customer base and strategic location will strengthen the company's ability to serve the growing West Coast market. He noted that the integration is expected to be seamless for both the mill team and existing customers. The transaction is part of a broader corporate strategy to drive long-term value creation and remains subject to customary regulatory approvals.

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International Paper Expands West Coast Footprint with $360 Million NORPAC Acquisition

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