International Paper agreed on 16 April to acquire North Pacific Paper Company, the Longview, Washington paper maker owned by One Rock Capital Partners, for $360m.
Why International Paper Company is buying North Pacific Paper Company (NORPAC)
International Paper said NORPAC's customer base, location and operating capabilities would strengthen its ability to serve the growing West Coast market and its demand for lightweight, high-performance packaging grades, while adding flexibility to its mill system.
“This acquisition is a strong strategic fit for our business and supports our long-term value creation priorities”
Deal terms and financing
The agreed price was $360m. International Paper's quarterly report records the purchase at $368m on completion, subject to post-closing adjustments, and $5m of acquisition-related costs.
Regulatory approvals and timing
The deal was subject to regulatory clearance. International Paper completed the acquisition on 4 June 2026. Shortly before closing, a fatal industrial accident occurred at the adjacent Nippon Dynawave Packaging facility, the company noted in its filing.
Market context
NORPAC operates three paper machines with annual capacity of about one million tons of containerboard and other grades and employs about 500 people.
