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International Paper Finalizes Transaction with Grupo Orsa in Brazil



     International Paper Finalizes Transaction with Grupo Orsa in Brazil

PR Newswire

MEMPHIS, Tenn., Jan. 14, 2013

MEMPHIS, Tenn., Jan. 14, 2013 /PRNewswire/ -- International Paper (NYSE: IP)
and Brazilian corrugated packaging producer Jari Celulose, Embalagens e Papel
S.A., a Grupo Orsa company, have finalized the formation of Orsa International
Paper Embalagens S.A. The new entity, in which IP will hold a 75 percent
stake, includes three containerboard mills and four box plants, which make up
Jari's former industrial packaging assets. Today's closing completes the
transaction announced in October of 2012. 

(Logo: http://photos.prnewswire.com/prnh/20020701/IPLOGO )

"International Paper has been in Brazil for over 50 years and we are excited
about this partnership as a platform to enter the corrugated packaging
business in this strategic region," said John Faraci, Chairman and Chief
Executive Officer. "This investment fits our strategy to grow our packaging
business globally and allocate capital to opportunities that deliver returns
well above our cost of capital."

The value of IP's investment is approximately $470 million at today's exchange
rate. 

About International Paper 
International Paper (NYSE: IP) is a global paper and packaging company with
manufacturing operations in North America, Europe, Latin America, Russia, Asia
and North Africa. Its businesses include uncoated papers and industrial and
consumer packaging, complemented by xpedx, the company's North American
distribution company. Headquartered in Memphis, Tenn., the company employs
approximately 70,000 people and is strategically located in more than 24
countries serving customers worldwide.   International Paper net sales for
2011 were $26 billion. Temple-Inland Inc., which was acquired in February
2012, had 2011 net sales of $4 billion. For more information about
International Paper, its products and stewardship efforts, visit
internationalpaper.com.

Certain statements in this press release may be considered forward-looking
statements. These statements reflect management's current views and are
subject to risks and uncertainties that could cause actual results to differ
materially from those expressed or implied in these statements. Factors which
could cause actual results to differ include but are not limited to: (i) our
ability to achieve the benefits we expect from this transaction or delay in
realization thereof; (ii) industry conditions, including but not limited to
changes in the cost or availability of raw materials and energy,
transportation costs, our product mix, demand and pricing for our products;
(iii) global and Brazilian economic conditions and political changes,
including but not limited to changes in currency exchange rates; (iv)
unanticipated expenditures related to the cost of compliance with
environmental and other governmental regulations and to actual or potential
litigation; (v) whether we experience a material disruption at one of our
manufacturing facilities; and (vi) risks inherent in conducting business
through a joint venture. These and other factors that could cause or
contribute to actual results differing materially from such forward-looking
statements are discussed in greater detail in our Securities and Exchange
Commission filings. We undertake no obligation to publicly update any
forward-looking statements, whether as a result of new information, future
events or otherwise.

 

SOURCE International Paper

Website: http://www.internationalpaper.com
Contact: Media: Thomas J. Ryan, +1-901-419-4333; or Investors: Glenn Landau,
+1-901-419-1731, and Michele Vargas, +1-901-419-7287
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