(RTTNews) - International Paper Company (IP), a producer of renewable fiber-based packaging, Thursday addressed the press speculation regarding a sale of its EMEA Packaging Business and confirmed that it is also evaluating unsolicited bids in relation to its EMEA Packaging Busine

International Paper Confirms Unsolicited Bids For EMEA Packaging Unit Alongside Planned Spin-off 

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Key PointsInternational Paper may be close to selling off its European business.

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International Paper Company produces and sells renewable fiber-based packaging in North America, Latin America, Europe, South America, and North Africa. It operates through two segments, Packaging Solutions North America and Packaging Solutions EMEA. The company offers linerboard, medium, whitetop, and saturating kraft; and converts containerboard into corrugated boxes, bulk bins, shipping containers and specialty packaging through its converting facilities. Its products support customers in various industries, such as food and beverage, agriculture, industrial manufacturing, personal care pharmaceuticals and consumer goods. The company was founded in 1898 and is headquartered in Memphis, Tennessee.

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