| Date | Title | | 12/20/2000 | International Paper Expects Lower Fourth-Quarter Earnings; Targets for Company Initiatives Revised Upward|
PURCHASE, N.Y., Dec. 20 /PRNewswire/ -- International Paper (NYSE: IP)
said today that the slowing economy and a strong U.S. dollar along with
continued market-related downtime and rising energy costs are further
pressuring the usual fourth-quarter seasonal weakness. Earnings in the fourth
quarter will likely fall in the range of $0.30 per share.
The company is balancing its supply to meet the demands of its customers
and expects it will take more than 100,000 tons... |
| | 12/20/2000 | International Paper to Hold Conference Call Today To Discuss Fourth-Quarter Market Conditions|
PURCHASE, N.Y., Dec. 20 /PRNewswire/ -- International Paper will hold a
conference call for the investment community this morning at 9 a.m. EST to
discuss current market conditions, the fourth quarter earnings outlook and
company initiatives. John Faraci, executive vice president and chief
financial officer, will be today's speaker.
All interested parties are invited to listen to the conference call live
via the Company's Internet site at http://www.internationalpa... |
| | 12/19/2000 | International Paper Extends Exchange Offer For Its Fixed and Floating Rate Notes|
PURCHASE, N.Y., Dec. 19 /PRNewswire/ -- International Paper Company
(NYSE: IP) today announced that it has extended the expiration date of its
offer to exchange $800,000,000 principal amount of its Floating Rate Notes due
July 8, 2002, $1,200,000,000 principal amount of its 8% Notes due July 8,
2003, and $1,000,000,000 principal amount of its 8 1/8% Notes due July 8,
2005, which have been registered under the Securities Act of 1933, for like
amounts of its existing Floating R... |
| | 11/30/2000 | International Paper to Divest Arizona Chemical|
JACKSONVILLE, Fla., Nov. 30 /PRNewswire/ -- International Paper (NYSE: IP)
today announced its plans to divest Arizona Chemical to provide a better
long-term future for the pine chemical business. This decision comes in
conjunction with IP's previously announced program to divest more than
$3 billion of assets.
"International Paper believes Arizona Chemical will be very attractive to
another company," said Larry Stowell, vice president-Arizona Chemical. "We
under... |
| | 11/29/2000 | International Paper Investor Presentation to Be Webcast Live on the Internet|
PURCHASE, N.Y., Nov. 29 /PRNewswire/ -- John Faraci, Executive Vice
President and Chief Financial Officer of International Paper (NYSE: IP), will
speak about the company's businesses and strategic plans at Salomon Smith
Barney's Fifth Annual Global Paper & Forest Products Conference. This
conference will be held on November 30, 2000 and Mr. Faraci's speech will be
web cast live on our Internet site.
All interested parties are invited to listen to John Faraci's rema... |
| | 11/20/2000 | International Paper Announces Exchange Offer for Its Fixed and Floating Rate Notes Due 2002 Through 2005|
PURCHASE, N.Y., Nov. 20 /PRNewswire/ -- International Paper Company
(NYSE: IP) commenced today an offer to exchange $800,000,000 principal amount
of its Floating Rate Notes due July 8, 2002, $1,200,000,000 principal amount
of its 8% Notes due July 8, 2003, and $1,000,000,000 principal amount of its 8
1/8 % Notes due July 8, 2005, which have been registered under the Securities
Act of 1933, for like amounts of its existing Floating Rate Notes due July 8,
2002, 8% Notes due Jul... |
| | 11/10/2000 | Premdor Inc. and International Paper Receive Hart-Scott-Rodino Request for Further Information|
PURCHASE, N.Y., Nov. 10 /PRNewswire/ -- International Paper (NYSE: IP) and
Premdor Inc. (NYSE: PI; Toronto: PDI) jointly announced today that they have
received a request from the U.S. Department of Justice for additional
information under the Hart-Scott-Rodino Antitrust Improvements Act regarding
the proposed acquisition by Premdor Inc. of the Masonite business.
The companies said that they are working to respond to the second request
and remain optimistic that aft... |
| | 11/08/2000 | John Dillon Named Global CEO of the Year by Financial Community| SAN FRANCISCO - John T. Dillon, chairman and chief executive officer of
International Paper (IP), Purchase, New York, has been selected Global CEO
of the Year by members of the financial community who follow the
paper/forest products industry. An independent survey conducted by Pulp &
Paper/PPI magazines asked over 200 security analysts, investment officers
and portfolio managers to choose the CEO who made the greatest contribution
to the growth, competitiveness and success of his company... |
| | 11/06/2000 | International Paper Announces Quarterly Dividend of $.25 Per Share|
PURCHASE, N.Y., Nov. 6 /PRNewswire/ -- International Paper (NYSE: IP)
today announced a regular quarterly dividend of $.25 per share for the period
from October 1, 2000, to December 31, 2000, inclusive. The dividend on the
common stock of the company is payable December 15, 2000, to holders of record
at the close of business on November 24, 2000.
Also, the company declared a regular quarterly dividend of $1 per share
for the period from October 1, 2000 to December 3... |
| | 10/18/2000 | International Paper Reports Third Quarter Earnings; Plans 1.2 Million Ton Capacity Closure|
PURCHASE, N.Y., Oct. 18 /PRNewswire/ -- International Paper (NYSE: IP)
today announced a 15 percent increase over third-quarter 1999 earnings and
plans to reduce production capacity by 1.2 million tons annually in the
uncoated paper, market pulp, unbleached Kraft paper and containerboard
businesses. Three mills will be closed and one scaled back as part of the
capacity reduction.
"International Paper's merger and acquisition activities over the past
five years have giv... |
| | 10/17/2000 | International Paper Agrees to Sell Treetops to Nonprofit|
GREENWICH and STAMFORD, Conn., Oct. 17 /PRNewswire/ -- International Paper
and the Trust for Public Land announced today an agreement that will make it
possible to protect approximately 100 acres in Greenwich and Stamford, known
as the Treetops property.
The Trust for Public Land, a national nonprofit organization, is proposing
to purchase approximately 95 acres and a conservation easement over some 10
additional acres from International Paper for $11.5 million. The... |
| | 10/06/2000 | International Paper to Release Third Quarter Earnings on October 18|
PURCHASE, N.Y., Oct. 6 /PRNewswire/ -- International Paper will release
third-quarter 2000 earnings on Wednesday, October 18, before the market opens.
The decision was made after Carter Holt Harvey, a New Zealand forests
products company 50.1 percent owned by International Paper, agreed to move
their reporting date to coincide with the parent company. In turn, this
enables International Paper to provide segment earnings numbers as well as
selected balance sheet inf... |
| | 10/04/2000 | International Paper Chairman Outlines Industry Challenges; Global Consolidation and Improving Shareowner Value Key To Future, Dillon Says| Wednesday, October 04, 2000
Appleton, Wisconsin - The following remarks were delivered by John Dillon,
International Paper Chairman and Chief Exectuive Officer, at the Paper
Industry International Hall of Fame's Sixth Annual Induction Ceremony in
Appleton, Wisconsin, tonight:
Thank you, George, for those kind remarks. It's good to be here this
evening among so many friends of the paper industry. [And a special hello
to the nearly 50 IP employees who are here.]
I know that many o... |
| | 10/04/2000 | ForestExpress Selects Commerce One and SAPMarkets For Leading E-Marketplace Infrastructure Solutions| ATLANTA, GA, PLEASANTON and PALO ALTO, CA (Oct. 04, 2000) - ForestExpress, the global business-to-business electronic marketplace for the forest products industry Commerce One Inc. (NASDAQ: CMRC), the leader in global e-commerce solutions for business and SAPMarkets Inc., the SAP AG (NYSE ADR: SAP) subsidiary dedicated to creating and powering globally interconnected business-to-business marketplaces, today announced a strategic partnership to develop sophisticated purchasing and selling activit... |
| | 10/02/2000 | International Paper Agrees to Sell Masonite|
CHICAGO, Oct. 2 /PRNewswire/ -- International Paper (NYSE: IP) has reached
a definitive agreement to sell its Masonite businesses to Premdor Inc.
(TSE: PDI; NYSE: PI) of Toronto, Canada for approximately $523 million,
subject to certain adjustments at closing. The transaction is subject to
normal closing conditions including U.S. regulatory approval.
Today's agreement is part of International Paper's program to sell more
than $3 billion in assets that no longer fit ... |
| | 09/25/2000 | International Paper and Wheelin' Sportsman of America 'Team-Up' To Provide Experiences in the Great Outdoors for People with Disabilities|
MONTGOMERY, Ala., Sept. 25 /PRNewswire/ -- International Paper is joining
forces with Wheelin' Sportsmen of America, Inc. (WSA) in an agreement to
provide to WSA approximately 2,100 acres of land to help people with
disabilities to enjoy outdoor educational programs and sporting activities.
"We are excited about our partnership with IP, which will also help us
establish Camp Team-Up," said Kirk Thomas, founder and president-WSA. Camp
Team-Up is a 3,000-acre tract lo... |
| | 09/15/2000 | International Paper Reports Improvements in 1999-2000 Environment, Health and Safety Performance|
PURCHASE, N.Y., Sept. 15 /PRNewswire/ -- International Paper has announced
a more than 80 percent reduction in environmental incidents during the past
seven years, according to a report released earlier today. The company also
reported a 30 percent reduction in Toxic Release Inventory (TRI) direct
releases during 1999 and set a new goal of a 40 percent reduction by year-end
2000. Full details are available in the company's eighth Environment, Health
and Safety Annual Report.
... |
| | 08/24/2000 | International Paper Enters Discussions With Metsa-Serla Regarding German Subsidiary Zanders Feinpapiere AG|
BRUSSELS, Belgium, Aug. 24 /PRNewswire/ -- International Paper today
announced it has entered into an exclusive period of negotiations with
Metsa-Serla of Finland regarding the sale of International Paper's interest in
Zanders Feinpapiere AG. A final agreement is expected by the end of September
2000.
"Zanders is a fine company with strong brands and capable people. It has
made tremendous progress the last few years," noted International Paper
Executive Vice Pres... |
| | 08/23/2000 | International Paper's Wood Products Business Named Supplier of the Year by Centex Corporation|
SAVANNAH, Ga., Aug. 23 /PRNewswire/ -- Centex, one of the largest home
builders in the United States, recently named International Paper's Wood
Products business its Supplier of the Year, marking the third time in just two
years that the business has earned the honor from a customer.
Centex, one of International Paper's largest wood panel customers, bought
enough roof decking in 1999 to build more than 10,000 single family homes.
Centex led the way in the introducti... |
| | 08/11/2000 | Elephant Sanctuary is Busting Out All Over|
HOHENWALD, Tenn., Aug. 11 /PRNewswire/ -- The Elephant Sanctuary, the
nation's only natural habitat refuge for endangered Asian elephants, doubled
its elephant population in less than one year. Now the Sanctuary property has
done the same.
Earlier this month the Elephant Sanctuary purchased 110 acres of natural
habitat from an adjacent landowner, International Paper. According to Carol
Buckley, Co-Founder and Executive of The Elephant Sanctuary, "Acquiring the
property ... |
| | 08/07/2000 | International Paper Announces Quarterly Dividend|
PURCHASE, N.Y., Aug. 7 /PRNewswire/ -- International Paper (NYSE: IP)
today announced a regular quarterly dividend of $.25 per share for the period
from July 1, 2000, to September 30, 2000, inclusive. The dividend on the
common stock of the company is payable September 15, 2000, to holders of
record at the close of business on August 18, 2000.
Also, the company declared a regular quarterly dividend of $1 per share
for the period from July 1, 2000, to September 30, 2000,... |
| | 07/31/2000 | International Paper Announces Organizational Changes|
PURCHASE, N.Y., July 31 /PRNewswire/ -- International Paper Chairman and
Chief Executive Officer John Dillon today announced organizational changes
relating to the recently completed acquisition of Champion International.
"These changes in the senior management team, effective immediately,
demonstrate our continuing commitment to accelerate our profit improvement
program," Dillon said.
"We have stated our intention to improve performance, increase our value
to our custo... |
| | 07/20/2000 | Leading Forest Products Companies Form ForestExpress| E-commerce marketplace receives funding, other companies evaluate joining, Chief Technology Officer named, initial areas for e-commerce unveiled
Atlanta - Georgia-Pacific Corp., International Paper and Weyerhaeuser Co. today jointly announced they have committed funding of $51 million to establish the global business-to-business electronic marketplace they announced this spring. Four other leading forest products companies -- Boise Cascade, Louisiana-Pacific, Mead and Willamette -- are acti... |
| | 07/11/2000 | International Paper Reports 25 Percent Increase in Earnings Per Share|
PURCHASE, N.Y., July 11 /PRNewswire/ -- International Paper today reported
improved second-quarter 2000 earnings of $315 million ($.75 per share) before
special items.
Second-quarter results represent an increase of 25 percent or
$.15 per share (or $66 million) compared to first-quarter net earnings of
$.60 per share (or $249 million) before special and extraordinary items.
Second-quarter 2000 earnings represent more than three times the earnings
($.24 a share, or $99 mill... |
| | 07/10/2000 | International Paper Makes Equity Investment in California-Based nexTier Solutions; Web-Based B2B Solution Streamlines Paper Supply Chain for Publishing Market|
ALISO VIEJO, Calif.--(BUSINESS WIRE)--July 10, 2000--nexTier Solutions, Aliso Viejo, Calif., developer of a Web-based supply chain solution for the publishing and catalog markets, announced today that International Paper (NYSE:IP) has made an equity investment in the company.
As part of the agreement, International Paper has agreed to provide nexTier with technical insight into the paper order management process that will enhance the development of their product, aimed at the m... |
| | 06/19/2000 | International Paper Completes Exchange Offer for Champion International|
PURCHASE, N.Y., June 19 /PRNewswire/ -- International Paper (NYSE: IP)
announced today it has completed its exchange offer for Champion International
(NYSE: CHA).
When the offer expired at midnight on Friday, June 16, approximately
92 million Champion shares had been tendered, including approximately
6.2 million tendered pursuant to notice of guaranteed delivery, representing
over 94 percent of the total outstanding shares. International Paper is
paying $50 in cash and... |
| | 06/14/2000 | International Paper, Champion International Announce Share Exchange Ratio|
PURCHASE, N.Y., June 14 /PRNewswire/ -- International Paper (NYSE: IP) and
Champion International (NYSE: CHA) announced today that Champion shareholders
will receive .7073 International Paper common shares and $50 in cash for each
Champion share tendered pursuant to the exchange offer. The exchange ratio
was calculated based on an average volume weighted price of International
Paper of $35.3441 per share. The average volume weighted price of
International Paper common shares was... |
| | 06/13/2000 | Barbara Smithers Appointed Vice President and Corporate Secretary|
PURCHASE, N.Y., June 13 /PRNewswire/ -- International Paper's Board of
Directors has named Barbara Smithers as Vice President and Corporate
Secretary, replacing James Guedry who is retiring.
In her new position, Barbara will be responsible for performing the duties
of the Corporate Secretary as well as supervising the work of the Corporate
Secretary's office. She will report to William Lytton, Senior Vice President
and General Counsel, and will continue to be located in... |
| | 05/24/2000 | International Paper Applauds House Vote on China Trade Bill|
PURCHASE, N.Y., May 24 /PRNewswire/ -- John Dillon, International Paper's
chairman and chief executive officer, made the following statement following
passage by the U.S. House of Representatives today of legislation establishing
Permanent Normal Trade Relations with China.
"Today, the House took an important step toward opening China's market to
U.S. goods and services and toward introducing the forces of democracy and
capitalism into China. With a potential $63 billio... |
| | 05/19/2000 | International Paper Launches Exchange Offer for Shares of Champion International|
PURCHASE, N.Y., May 19 /PRNewswire/ -- International Paper (NYSE: IP)
today launched an exchange offer for all outstanding shares of common stock,
including the associated rights to purchase preferred stock, of Champion
International Corporation (NYSE: CHA). The offer to exchange all outstanding
shares of Champion common stock for $75 per share expires at midnight, Eastern
Daylight Time, June 16, 2000, unless the period is extended. This exchange
offer is being made in connection ... |
| | 05/18/2000 | DOJ Concludes Review of International Paper's Acquisition of Champion International|
PURCHASE, N.Y., May 18 /PRNewswire/ -- The U.S. Department of Justice has
completed its antitrust review of the proposed acquisition of Champion
International (NYSE: CHA) by International Paper (NYSE: IP), clearing the way
for the companies to proceed with the deal announced last week.
"We're pleased to have received the required government clearance in the
U.S.," said International Paper Chairman and Chief Executive Officer John
Dillon. "We will launch our exchange off... |
| | 05/12/2000 | International Paper Succeeds in Acquiring Champion|
PURCHASE, N.Y., May 12 /PRNewswire/ -- International Paper (NYSE: IP)
today reached a definitive merger agreement with Champion International
(NYSE: CHA) after UPM-Kymmene withdrew from the bidding. IP will purchase
Champion for $75 per share in cash and stock.
"We're very pleased that the Champion Board of Directors has accepted our
offer," commented International Paper Chairman and Chief Executive Officer
John Dillon. "We look forward to bringing Champion's outstandi... |
| | 05/10/2000 | International Paper's Bid for Champion Declared 'Superior'|
PURCHASE, N.Y., May 10 /PRNewswire/ -- International Paper (NYSE: IP)
announced today that the Board of Directors of Champion International
(NYSE: CHA) has declared IP's revised bid for Champion as superior to that
submitted by UPM-Kymmene. International Paper submitted a revised bid of $75
per share in cash and stock on Tuesday evening after being informed that
UPM-Kymmene had substantially revised its original offer for Champion.
International Paper's offer is valued ... |
| | 05/09/2000 | International Paper Declares Dividend|
PURCHASE, N.Y., May 9 /PRNewswire/ -- International Paper (NYSE: IP) today
announced a regular quarterly dividend of $.25 per share for the period from
April 1, 2000 to June 30, 2000, inclusive. The dividend on the common stock
of the company is payable June 15, 2000 to holders of record at the close of
business on May 19, 2000.
Also, the company declared a regular quarterly dividend of $1 per share
for the period from April 1, 2000 to June 30, 2000, inclusive, on the
... |
| | 04/25/2000 | International Paper Makes Offer for Champion: Announces $3 Billion Asset Sale|
PURCHASE, N.Y., April 25 /PRNewswire/ -- International Paper (NYSE: IP)
today announced that it has offered to purchase all outstanding shares of
Champion International (NYSE: CHA) in a cash and stock transaction worth an
estimated $6.2 billion. In a letter to Champion Chairman and CEO Richard
Olson, IP Chairman and CEO John Dillon said the company's offer is clearly
superior to the previously announced all stock deal between Champion and
UPM-Kymmene.
International Paper ... |
| | 04/13/2000 | International Paper and Motorola Introduce ‘Smart Packaging’| Marriage of paper and electronics enables manufacturers and retailers to “talk to” their products throughout the supply chain, boosting efficiency while slashing losses from theft, counterfeiting, and error
PURCHASE, N.Y./SCHAUMBURG, Ill. (April 13, 2000) -- International Paper (NYSE:IP) and Motorola, Inc. (NYSE:MOT) announced today that they have signed a memorandum of understanding (MOU) in anticipation of manufacturing "smart packages.” These will contain smart tags that, when embedded int... |
| | 04/11/2000 | Profitability Programs and Merger Benefits Help Boost International Paper Earnings|
PURCHASE, N.Y., April 11 /PRNewswire/ -- International Paper (NYSE: IP)
today reported improved first-quarter 2000 earnings of $249 million
($.60 per share) before special and extraordinary items. Primarily due to the
company's profit improvement programs and benefits from last year's merger
with Union Camp, the results represent an increase of nine percent or
$22 million ($.05 per share) compared to fourth-quarter 1999 net earnings of
$227 million ($.55 per share) before special... |
| | 04/03/2000 | International Paper Completes Acquisition of Shorewood Packaging|
PURCHASE, N.Y., April 3 /PRNewswire/ -- International Paper, the world's
largest paper and forest products company, has completed its acquisition of
Shorewood Packaging, a premier packaging company specializing in high-end
packaging for entertainment, cosmetic, personal care and other consumer
products. As of 5 p.m., March 31, Shorewood Packaging is a wholly-owned
subsidiary of International Paper and is part of the company's Consumer
Packaging Group.
International Pap... |
| | 03/31/2000 | International Paper Subsidiary Completes Sale of Chilean Equity Investments|
PURCHASE, N.Y., March 31 /PRNewswire/ -- International Paper (NYSE: IP)
announced today that Carter Holt Harvey, Ltd., its 50.6 percent-owned
subsidiary in New Zealand, had completed the sale of its equity investments in
Chile to its partner, the Angelini Group, for $1.3 billion in cash.
International Paper spokesperson Jack Cox said this sale is part of the
ongoing effort by Carter Holt Harvey and International Paper to strategically
align their businesses through the s... |
| | 03/28/2000 | International Paper Subsidiary Successfully Completes Cash Tender Offer for Shares of Shorewood Packaging|
PURCHASE, N.Y., March 28 /PRNewswire/ -- International Paper (NYSE: IP)
announced today the successful completion of the cash tender offer by
International Paper-37, Inc., a wholly-owned subsidiary of International
Paper, for all outstanding shares of common stock (together with the
associated rights to purchase preferred shares) of Shorewood Packaging
Corporation (NYSE: SWD). The tender offer expired, as scheduled, at midnight,
Eastern Standard Time, on Monday, March 27, 2000. In... |
| | 03/24/2000 | Canadian Competition Bureau Clears Way for Shorewood Packaging Acquisition|
PURCHASE, N.Y., March 24 /PRNewswire/ -- International Paper's (NYSE: IP)
announced acquisition of Shorewood Packaging (NYSE: SWD) is one step closer to
completion. The statutory waiting period prescribed by the Canadian
Competition Act expired on March 23, 2000 and the Canadian Competition Bureau
has advised International Paper that it does not intend to initiate
proceedings before the Competition Tribunal regarding the deal.
On March 10, the U.S. Department of Justice... |
| | 03/23/2000 | International Paper, Georgia-Pacific and Weyerhaeuser Announce Plan To Create Comprehensive On-Line Marketplace|
PURCHASE, N.Y., ATLANTA and FEDERAL WAY, Wash., March 23 /PRNewswire/ --
International Paper (NYSE: IP), Georgia-Pacific Corp. (NYSE: GP) and
Weyerhaeuser Co. (NYSE: WY) today jointly announced that they intend to
develop a global business-to-business marketplace to enable buying and selling
of paper and forest products on-line.
The companies will take a leadership role to facilitate the utilization of
Internet technology to enhance service to customers and increase effi... |
| | 03/13/2000 | U.S. Justice Department Clears Shorewood Packaging Acquisition|
PURCHASE, N.Y., March 13 /PRNewswire/ -- The U.S. Department of Justice
has concluded its Hart-Scott-Rodino review of International Paper's (NYSE: IP)
announced acquisition of Shorewood Packaging Corporation (NYSE: SWD). The
Canadian Competition Act's 14-day waiting period will expire on March 23.
International Paper launched a tender offer on February 29 for all shares
of Shorewood stock at $21 per share, or approximately $600 million. Unless
extended, the tender offe... |
| | 02/21/2000 | PaperExchange.com and International Paper Announce Strategic Agreement; Paper Industry Giant Endorses E-Commerce Exchange With Provision of Products for Online Sale|
BOSTON--(BUSINESS WIRE)--Feb. 21, 2000--PaperExchange.com, L.L.C., the global e-business marketplace for the pulp and paper industry, and International Paper, (NYSE:IP), the world's largest paper and forest products company, today announced that they have entered into a strategic alliance and listing agreement. As a part of the alliance, International Paper will work with PaperExchange.com to begin listing products through the PaperExchange.com web site, giving PaperExchange.com members on... |
| | 02/17/2000 | International Paper Reaches Agreement to Buy Shorewood Packaging|
PURCHASE, N.Y., Feb. 17 /PRNewswire/ -- International Paper (NYSE: IP) agreed to acquire Shorewood Packaging Corporation (NYSE: SWD) in a move that will create the premiere retail packaging company. The all cash transaction values Shorewood at $21 per share. Shorewood produces premium packaging for entertainment, cosmetic, personal care and other consumer products.
"Shorewood is the recognized leader in the fast growing, premium retail packaging market," noted IP Chairman a... |
| | 02/07/2000 | International Paper Announces Regular Quarterly Dividend|
PURCHASE, N.Y., Feb. 7 /PRNewswire/ -- International Paper today announced a regular quarterly dividend of $.25 per share for the period from January 1, 2000 to March 31, 2000, inclusive. The dividend on the common stock of the company is payable March 15, 2000, to holders of record at the close of business on February 18, 2000.
Also, the company declared a regular quarterly dividend of $1 per share for the period from January 1, 2000 to March 31, 2000, inclusive, on th... |
| | 02/01/2000 | Packaging's Ace in the Hole: IP, Ace Packaging Join Expertise and Resources to Strengthen Position in Automotive Packaging Markets| PURCHASE, N.Y., -- International Paper and Ace Packaging today announced completion of the merging of Ace into IP's Industrial Packaging Business. The pairing of Ace's innovative packaging design and Industrial Packaging's vast manufacturing resources offers unparalleled potential to grow the combined company's position in the automotive parts packaging markets.
A history of successful partnerships between Ace and Union Camp, and later, Ace and IP, laid a logical foundation for the merger o... |
| | 01/11/2000 | International Paper Reports Improved Earnings for Fourth Quarter|
PURCHASE, N.Y., Jan. 11 /PRNewswire/ -- International Paper (NYSE: IP) reported fourth-quarter 1999 earnings of $227 million ($.55 per share) before special items. This is an increase of 20 percent or $35 million ($.09 per share) compared to third-quarter 1999 net earnings, which were $192 million ($.46 per share) before special and extraordinary items. Fourth-quarter 1998 earnings before special items were $58 million ($.14 a share). Fourth-quarter 1999 net sales were $ 6.3 billion, the... |
|
|
