Pulp and Paper Canada

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Smurfit-Stone divests


May 16, 2006
By Pulp & Paper Canada

Smurfit-Stone Container Corporation is selling its entire consumer packaging asset portfolio to a company formed by…

Smurfit-Stone Container Corporation is selling its entire consumer packaging asset portfolio to a company formed by Texas Pacific Group.

Included in the $1.04 billion transaction are four coated recycled boxboard mills, 39 consumer packaging converting operations in the U.S., and one consumer packaging converting plant in Brampton, ON.

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Smurfit-Stone plans to use the bulk of the proceeds from the sale to reduce its debt.


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