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Start Over Search Limiters Academic (Peer-Reviewed) Journals Region europe Region north america Publisher new york times
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1. International Paper Buys Weyerhaeuser Unit.

Subjects
*MERGERS & acquisitions, *PACKAGING industry, *CORRUGATED boxes
Abstract

International Paper said on Monday that it had agreed to acquire Weyerhaeuser's packaging business for $6 billion to become North America's largest maker of corrugated boxes. The paper and packaging industry in North America and Europe has been consolidating and reducing production capacity in an effort to tackle soaring raw material costs and dwindling demand for paper. [ABSTRACT FROM PUBLISHER]

Published
2008

2. International Paper's Profit Falls 31%.

Subjects
*CORPORATE profits, *INDUSTRIAL costs, *ECONOMIC demand
Abstract

International Paper's quarterly profit slid 31 percent, hit by one-time charges and higher costs, and the company warned that weaker demand resulting from the global slowdown would hurt results for the rest of the year. Falling demand for its paper and packaging products in North America and declining prices for pulp in both North America and Europe will combine to lower fourth-quarter results, the company said. [ABSTRACT FROM PUBLISHER]

Published
2008