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Transaction/Case Details

International Paper Completes US$2.2B Acquisition of Weyerhaeuser's Pulp Business

DATE CLOSED

December 1, 2016

BUSINESS SECTOR

Forestry & Paper

LEAD OFFICE

Calgary

VALUE

2.2 Billion USD


OVERVIEW

On December 1 2016, International Paper completed its acquisition of the pulp business of Weyerhaeuser Co. for approximately US$2.2 billion in cash. In this transaction, International Paper acquired five pulp mills and two converting facilities that produce fluff pulp, softwood pulp, and specialty pulp products for a number of consumer applications including diapers, other hygiene products, tissue, and textiles.

The acquired business has approximately 1,900 employees around the world, with manufacturing operations based in Canada, Poland and the U.S.

McCarthy Tétrault advised International Paper with a team consisting of Gordon Cameron, Xiaodi Jin and Elaine Sun (M&A), Dominic Thérien and Xin Gao (Investment Canada/Competition), Kimberly Howard (Regulatory), Tina Peters (Real Estate), Wendy Brousseau and Rob Nearing (Tax), Shana Wolch (Employment) and Jennifer Del Vecchio (Pensions & Benefits).

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