International Paper signed an agreement to acquire Envases Grau, a family-owned packaging business in Spain, for an undisclosed amount, according to Online News Reports.
“Envases Grau is a well-established company known for its excellent service and the quality of its products,” said Eric Chartrain, General Manager of International Paper's corrugated packaging business in Europe, the Middle East and Africa (EMEA). “This acquisition complements our current network of packaging plants and expands the size and weight of our business in Spain, where it is expected that the demand for boxes will continue to grow.
“With this operation we will increase our capacity and possibilities for high quality printing, which will allow us to offer a better service to customers and strengthen our position in the fresh fruit and vegetable market,” Chartrain added.
International Paper EMEA manufactures and markets office and uncoated freesheet, pulp, corrugated packaging, containerboard and both coated and uncoated paperboard.
