Madrid, Spain / Brussels, Belgium, March 30, 2021 - International Paper announced today that the company acquired two corrugated packaging businesses in the Madrid and Catalonia regions in Spain – La Gaviota, S.L. (Griñon /Madrid) and Cartonatges Trilla S.A. (Valls/Tarragona) – further growing its presence in the two largest industrial regions in the country. The two businesses will become part of International Paper effective April 01, 2021. The value of the transactions was not disclosed. Corrugated packaging is a strategic business for International Paper in Europe, the Middle East & Africa (EMEA) and the company intends to continue strengthening its position in the region.
“With box demand growing at a healthy rate, these acquisitions further increase the scale and density of our corrugated box business in Iberia, reinforcing our advantaged position to serve attractive markets”, said Eric Chartrain, Vice President and General Manager of International Paper’s corrugated packaging business in EMEA. “Both are well-established businesses and their modern equipment and strategic location will allow International Paper to offer even greater choices of high quality packaging solutions to customers in the industrial, fresh fruit and vegetable, and fast- growing e-commerce segments.”
Situated in Griñon near Madrid, La Gaviota, S.L. employs some 60 people, operating one corrugator and several modern corrugated and solid board converting lines, including highquality printing and specialty packaging capabilities. With its proximity to International Paper’s recycled containerboard mill and associated recycling operations, the acquisition of La Gaviota, S.L. supports IP’s commitment to strengthening the circular economy. Going forward the business will operate as International Paper Griñón, S.L..
Located in Valls near Barcelona, Cartonatges Trilla S.A. employs some 100 people, operating one corrugator and several modern corrugated converting lines, including highquality printing and specialty packaging capabilities. Going forward the business will operate as International Paper Valls, S.A..
Read the full news release here.