Debevoise & Plimpton LLP is advising International Paper (NYSE: IP) in the sale of its Brazilian corrugated packaging business, which includes three containerboard mills and four box plants, to Klabin S.A. For more information, please see the company’s press release.

International Paper is a leading global producer of renewable fiber-based packaging, pulp and paper products with manufacturing operations in North America, Latin America, Europe, North Africa and Russia. Klabin is Brazil’s largest paper manufacturer and the country’s leading producer of papers and cardboard for packaging, industrial bags and corrugated board packaging.

The Debevoise team is led by M&A partner Maurizio Levi-Minzi and includes M&A associates Isabel Espinosa de los Reyes, Priscila Sun Min Park and Sergio Torres.