International Paper to Acquire North Pacific Paper Company

International Paper (IP), a leader in sustainable packaging solutions, has agreed to acquire North Pacific Paper Company (NORPAC), a portfolio company of One Rock Capital Partners, for $360MM.

NORPAC is a U.S.-based paper manufacturer in Longview, Washington. The company employs approximately 500 people at its paper mill, where it operates three industry-leading machines that produce approximately one million tons of containerboard and other grades annually. 

“This acquisition is a strong strategic fit for our business and supports our long‑term value creation priorities,” said Tom Hamic, Executive Vice President and President, Packaging Solutions North America, International Paper. “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.”

The facility will complement IP’s existing mill system, increasing system flexibility, reducing costs, and expanding capabilities to support growing customer demand for lightweight, high-performance recycled containerboard.

The acquisition of NORPAC is part of International Paper’s strategic transformation to maximize value creation for customers, shareholders, and employees. The acquisition is subject to regulatory approval.