International Paper, a global leader in sustainable packaging solutions, announced it has entered into an agreement to acquire North Pacific Paper Company (NORPAC) from One Rock Capital Partners for $360 million.
NORPAC operates a paper mill in Longview, Washington, employing approximately 500 people and producing around one million tons of containerboard and other paper grades annually. The facility includes three high-capacity machines and will enhance International Paper’s existing mill system by increasing flexibility, lowering costs, and expanding production capabilities.
The acquisition is part of International Paper’s broader strategy to strengthen its packaging solutions platform, particularly in the growing West Coast market. By integrating NORPAC’s operations, the company aims to better serve customer demand for lightweight, high-performance recycled containerboard while improving supply chain efficiency.
The transaction also reflects the culmination of a multi-year transformation of NORPAC under One Rock Capital Partners’ ownership. Upon completion, NORPAC will become part of International Paper’s Packaging Solutions North America segment. The deal remains subject to regulatory approval.
KEY QUOTES:
“This acquisition is a strong strategic fit for our business and supports our long-term value creation priorities. NORPAC’s attractive customer base, location and operational capabilities strengthen our ability to serve customers in the growing West Coast region. We look forward to partnering with the mill team and its customers to deliver a safe, seamless integration.”
Tom Hamic, Executive Vice President And President, Packaging Solutions North America, International Paper
“NORPAC is a high-quality business built on the strength of its first-rate management team and employees. We are proud to have achieved together a years-long transformation of NORPAC during our ownership. We believe this transaction with International Paper underscores the value created at NORPAC and positions the company for continued success as part of a larger platform.”
Tony Lee, Co-Founder And Managing Partner, One Rock Capital Partners
