On the Record · International Paper
International Paper acquisitions, on the record
The businesses International Paper bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Ilim S.A. ("Ilim")Word for word“On September 18, 2023, pursuant to a previously announced agreement, the Company completed the sale of its 50 % equity interest in Ilim, which was a joint venture that operated a pulp and paper business in Russia and has subsidiaries including Ilim Group, to its joint venture partners for $ 484 million in cash.” 10-K for 2023 | divestiture | On September 18, 2023 | $ 484 million |
Ilim Group shares (2.39% stake)Word for word“The Company also completed the sale of all of its Ilim Group shares (constituting a 2.39 % stake) for $ 24 million, and divested other non-material residual interests associated with Ilim, to its joint venture partners.” 10-K for 2023 | divestiture | — | $ 24 million |
Kwidzyn, Poland millWord for word“On August 6, 2021, the Company completed the sale of its Kwidzyn, Poland mill for € 669 million (approximately $ 794 million using the July 31, 2021 exchange rate) in cash.” 10-K for 2023 | divestiture | On August 6, 2021 | € 669 million (approximately $ 794 million using the July 31, 2021 exchange rate) |
Olmuksan International Paper, a corrugated packaging business in TurkeyWord for word“On May 31, 2021, the Company completed the sale of its 90.38 % ownership interest in Olmuksan International Paper, a corrugated packaging business in Turkey, to Mondi Group for € 66 million (approximately $ 81 million using the May 31, 2021 exchange rate).” 10-K for 2023 | divestiture | On May 31, 2021 | € 66 million (approximately $ 81 million using the May 31, 2021 exchange rate) |
two box plants located in SpainWord for word“On April 1, 2021, the Company closed on the previously announced acquisition of two box plants located in Spain.” 10-K for 2023 | acquisition | On April 1, 2021 | — |
Printing Papers business (Sylvamo Corporation spin-off)Word for word“On October 1, 2021, the Company completed the previously announced spin-off of its Printing Papers segment along with certain mixed-use coated paperboard and pulp businesses in North America, France and Russia into a standalone, publicly-traded 65 Table of Contents company, Sylvamo Corporation ("Sylvamo").” 10-K for 2023 | divestiture | On October 1, 2021 | — |
DS SmithWord for word“Based on the issuance of 178,126,631 new shares and the closing price of $ 55.63 on the close of January 31, 2025, the total purchase consideration for the completed acquisition was approximately $ 9.9 billion.” 10-K for 2024 | agreed acquisition | January 31, 2025 | — |
plants in Mortagne, Saint-Amand, and Cabourg (France), Over (Portugal) and Bilbao (Spain)Word for word“On January 24, 2025, the European Commission issued its Phase I clearance of the business combination, conditional on International Paper entering into commitments to divest its plants in Mortagne, Saint-Amand, and Cabourg (France), Over (Portugal) and Bilbao (Spain).” 10-K for 2024 | agreed divestiture | January 24, 2025 | — |
Ilim S.A. (50% equity interest)Word for word“On September 18, 2023, pursuant to a previously announced agreement, the Company completed the sale of its 50 % equity interest in Ilim S.A. ("Ilim"), which was a joint venture that operated a pulp and paper business in Russia and its subsidiaries including Ilim Group, to its joint venture partners for $ 484 million in cash.” 10-K for 2024 | divestiture | September 18, 2023 | 484 million |
all of its Ilim Group shares (2.39% stake)Word for word“The Company also completed the sale of all of its Ilim Group shares (constituting a 2.39 % stake) for $ 24 million, and divested other non-material residual interests associated with Ilim, to its joint venture partners.” 10-K for 2024 | divestiture | — | 24 million |
Global Cellulose Fibers businessWord for word“On January 23, 2026, the Company completed the previously announced sale of its GCF business to AIP for $1.5 billion , including the issuance of preferred stock with an aggregate initial liquidation preference of $190 million .” 10-K for 2025 | divestiture | January 23, 2026 | $1.5 billion |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Cash received from selling businesses |
|---|---|---|
| 2016-12-31 | $2.23 billion | $0 |
| 2017-12-31 | $45 million | — |
| 2018-12-31 | $8 million | — |
| 2019-12-31 | $103 million | $82 million |
| 2020-12-31 | $65 million | — |
| 2021-12-31 | $80 million | — |
| 2022-12-31 | $0 | — |
| 2023-12-31 | $0 | — |
Deal filings since 2016
- 2026-01-23 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2025-08-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2025-03-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2025-01-31 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2024-04-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-03-19 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-06-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-01-25 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-01-24 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-10-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-09-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-06-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-02-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-10-19 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-04-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-03-25 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-10-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-12-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-10-24 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-10-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-06-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-05-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from International Paper’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-27. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.