International Paper Set to Acquire Weyerhaeuser Pulp Business for $2.2 Billion

SUGAR LAND--May 3, 2016--Researched by Industrial Info Resources (Sugar Land, Texas)--Leading forest products company, International Paper (NYSE:IP) (Memphis, Tennessee) has entered into a definitive agreement to buy the pulp business of Weyerhaeuser Company (NYSE:WY) (Federal Way, Washington) for $2.2 billion in cash. The transaction will position International Paper as a premier global supplier of fluff pulp and includes five pulp mills located in Columbus, Mississippi; Flint River and Port Wentworth, Georgia; New Bern, North Carolina; and Grande Prairie, Alberta, with a combined total capacity of nearly 1.9 million metric tons. The sale also includes two modified fiber mills in Columbus, Mississippi and Gdansk, Poland.

Within this article: Provides details on capital expenditures of the two companies as well as mentioning the active capital and maintenance expenditures of the Pulp, Paper & Wood Industry worldwide.