
News
Smurfit-Stone divests
May 16, 2006
By Pulp & Paper Canada
By Pulp & Paper Canada
May 16, 2006
By Pulp & Paper Canada
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.
Smurfit-Stone plans to use the bulk of the proceeds from the sale to reduce its debt.
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