International Paper To Acquire NORPAC For $360M To Expand West Coast Packaging Capacity

IP expanding capabilities to serve the growing West Coast region

MEMPHIS, Tenn., April 16, 2026 /PRNewswire/ -- International Paper (NYSE:IP, LSE: IPC))), a leader in sustainable packaging solutions, has entered into an agreement to acquire North Pacific Paper Company (NORPAC), a portfolio company of One Rock Capital Partners, for $360MM.

NORPAC is a U.S.-based paper manufacturer operating out of Longview, Washington. The company employs approximately 500 people at its paper mill, where it operates three industry-leading machines that produce approximately one million tons of containerboard and other grades annually. The facility will complement IP's existing mill system, increasing system flexibility, reducing costs and expanding capabilities to support growing customer demand for lightweight, high-performance recycled containerboard.