Debevoise Advises International Paper in $2.2 Billion Acquisition of Weyerhaeuser’s Pulp Business

2 May 2016

Debevoise & Plimpton LLP is advising International Paper (IP) in its acquisition of Weyerhaeuser’s pulp business. Under terms of the agreement, IP will acquire five pulp mills and two converting facilities that produce fluff pulp, softwood pulp and specialty pulp for a number of consumer applications including diapers, other hygiene products, tissue and textiles. The acquisition is expected to close in the 4th quarter of 2016, subject to certain closing conditions, primarily the receipt of regulatory approval.

International Paper (NYSE: IP) is a global leader in packaging and paper with manufacturing operations in North America, Europe, Latin America, Russia, Asia and North Africa. Its businesses include industrial and consumer packaging along with uncoated papers and pulp. Headquartered in Memphis, Tenn., the company employs approximately 55,000 people and is strategically located in more than 24 countries serving customers worldwide. International Paper net sales for 2015 were $22 billion.

The Debevoise team is led by partners Jeffrey J. Rosen and Michael A. Diz and includes partners Lawrence K. Cagney, Jeffrey P. Cunard and Peter F.G. Schuur and associates Peter Clarke, Brooke A. Fodor, Tigist Kassahun, Serhat T. Krause, Samuel D. Krawiecz, Angela W. Lee, Sue Meng, Daniel Priest, Lauren M. Sirois and Lale Uner.

Debevoise & Plimpton LLP is a premier law firm with market-leading practices, a global perspective and strong New York roots. We deliver effective solutions to our clients’ most important legal challenges, applying clear commercial judgment and a distinctively collaborative approach.