International Paper buys NORPAC from One Rock Capital Partners
Valued at $360 million, the deal adds Longview, Washington paper capacity for lightweight, high-performance packaging grades serving West Coast customers.
North Pacific Paper Company (NORPAC), a Longview, Washington-based producer of lightweight recycled packaging papers, moved from One Rock Capital Partners ownership to International Paper in a $360 million transaction.
The mill has operated for about a half-century and supplies packaging and corrugated packaging end markets.
International Paper said the purchase brings system flexibility, more capability in lightweight high-performance packaging grades and improved service for West Coast customers.
"Today is an important milestone for the NORPAC team and for Longview as we officially become part of International Paper," said Craig Anneberg, CEO, NORPAC.