Garrigues advised International Paper on the deal.
International Paper executed the acquisition of two corrugated packaging businesses in the Madrid and Catalonia regions in Spain – La Gaviota, S.L. (Griñon /Madrid) and Cartonatges Trilla S.A. (Valls/Tarragona) – further growing its presence in the two largest industrial regions in the country. The value of the transactions was not disclosed.
Corrugated packaging is a strategic business for International Paper in Europe, the Middle East & Africa (EMEA) and the company intends to continue strengthening its position in the region.
Located in Griñón near Madrid, La Gaviota, S.L. employs some 60 people, operating one corrugator and several modern corrugated and solid board converting lines, including high-quality printing and speciality packaging capabilities. With its proximity to International Paper’s recycled containerboard mill and associated recycling operations, the acquisition of La Gaviota, S.L. supports IP’s commitment to strengthening the circular economy.
Located in Valls near Barcelona, Cartonatges Trilla S.A. employs some 100 people, operating one corrugator and several modern corrugated converting lines, including high-quality printing and speciality packaging capabilities.
International Paper, listed on NYSE, is a leading global producer of renewable fibre-based packaging, pulp and paper products with manufacturing operations in North America, Latin America, Europe, North Africa and Russia.
Garrigues advised International Paper with a Madrid office Commercial team led by partner Mónica Martín de Vidales (Picture), along with counsel Felipe Martínez-Caballero and associate Lola Priego.
Law Firms: Garrigues;
Clients: International Paper Co.;