03.09.18
6400 Poplar Ave.
Memphis, TN 38197
Phone: (800) 207-4003
www.internationalpaper.com
Sales: $21.1 billion overall; $50 million in ink sales (Ink World estimate).
Major Products: Flexographic and specialty inks and graphic arts coatings.
Key Personnel: Mark S. Sutton, chairman and CEO; W. Michael Amick Jr., SVP, Paper the Americas; C. Cato Ealy, SVP, corporate development; Gregory T. Wanta, SVP, North American Container; Tommy S. Joseph, SVP, manufacturing, technology, EH&S and global sourcing; Timothy S. Nicholls, SVP, Industrial Packaging the Americas; Catherine I. Slater, SVP; Glenn Landau, SVP and CFO.
Number of Employees: 55,000 overall in more than 24 countries.
Comments: With sales of $21.7 billion in 2017, International Paper is a global leader in industrial and consumer packaging and uncoated papers and pulp. In 2016, 67% of its revenue was in Industrial Packaging, with 9% in Consumer Packaging and the rest in Cellulose Fibers and Printing Papers.
International Paper’s annual net sales increased over its 2016 sales, which came in at $19.5 billion. The company attributed the year-over-year revenue increase to the pulp business that was acquired from Weyerhaeuser for $2.2 billion in late 2016. The company reported adjusted operating earnings of $1.5 billion, with free cash flow of $2.0 billion in 2017.
“In 2017, we delivered on our commitment of strong cash generation and value creation, enabling us to strengthen our balance sheet and increase our dividend,” said Mark Sutton, chairman and CEO. “We made outstanding progress integrating the Global Cellulose Fibers business and delivering synergies, while also making an important strategic move in consumer packaging that further enables us to focus on growing meaningful value in our core businesses. Looking at the fourth quarter, the company delivered its best results in a decade, driven by healthy demand and excellent commercial performance in Industrial Packaging and Global Cellulose Fibers.”
Optihue Graphics, Plates and Inks, a subsidiary of International Paper located in Kenton, OH, produces the flexo and specialty inks and graphic arts coatings that International Paper uses for its packaging operations.
In a major move, Graphic Packaging Holding Company acquired International Paper’s North America Consumer Packaging business. Graphic Packaging owns 79.5% of the combined company and will be the sole manager. International Paper will own 20.5% of the combined company, valued at $1.14 billion. Graphic Packaging also assumed $660 million of International Paper debt.
“Investing in Graphic Packaging gives IP the opportunity to benefit from a much stronger value-creation consumer packaging platform, while allowing us to remain focused on growing value in our core businesses,” Sutton said.
Memphis, TN 38197
Phone: (800) 207-4003
www.internationalpaper.com
Sales: $21.1 billion overall; $50 million in ink sales (Ink World estimate).
Major Products: Flexographic and specialty inks and graphic arts coatings.
Key Personnel: Mark S. Sutton, chairman and CEO; W. Michael Amick Jr., SVP, Paper the Americas; C. Cato Ealy, SVP, corporate development; Gregory T. Wanta, SVP, North American Container; Tommy S. Joseph, SVP, manufacturing, technology, EH&S and global sourcing; Timothy S. Nicholls, SVP, Industrial Packaging the Americas; Catherine I. Slater, SVP; Glenn Landau, SVP and CFO.
Number of Employees: 55,000 overall in more than 24 countries.
Comments: With sales of $21.7 billion in 2017, International Paper is a global leader in industrial and consumer packaging and uncoated papers and pulp. In 2016, 67% of its revenue was in Industrial Packaging, with 9% in Consumer Packaging and the rest in Cellulose Fibers and Printing Papers.
International Paper’s annual net sales increased over its 2016 sales, which came in at $19.5 billion. The company attributed the year-over-year revenue increase to the pulp business that was acquired from Weyerhaeuser for $2.2 billion in late 2016. The company reported adjusted operating earnings of $1.5 billion, with free cash flow of $2.0 billion in 2017.
“In 2017, we delivered on our commitment of strong cash generation and value creation, enabling us to strengthen our balance sheet and increase our dividend,” said Mark Sutton, chairman and CEO. “We made outstanding progress integrating the Global Cellulose Fibers business and delivering synergies, while also making an important strategic move in consumer packaging that further enables us to focus on growing meaningful value in our core businesses. Looking at the fourth quarter, the company delivered its best results in a decade, driven by healthy demand and excellent commercial performance in Industrial Packaging and Global Cellulose Fibers.”
Optihue Graphics, Plates and Inks, a subsidiary of International Paper located in Kenton, OH, produces the flexo and specialty inks and graphic arts coatings that International Paper uses for its packaging operations.
In a major move, Graphic Packaging Holding Company acquired International Paper’s North America Consumer Packaging business. Graphic Packaging owns 79.5% of the combined company and will be the sole manager. International Paper will own 20.5% of the combined company, valued at $1.14 billion. Graphic Packaging also assumed $660 million of International Paper debt.
“Investing in Graphic Packaging gives IP the opportunity to benefit from a much stronger value-creation consumer packaging platform, while allowing us to remain focused on growing value in our core businesses,” Sutton said.
