International Paper To Spin Off EMEA Packaging Business; Stock Up In Pre-market
International Paper Company (IP), a provider of sustainable packaging solutions, said on Thursday it plans to separate into two independent, publicly traded companies, creating a North America-focused International Paper and a new EMEA Packaging . Shares of the company were up more than 5% in pre-market trading following the announcement.The North America business will include legacy International Paper and DS Smith assets, while the EMEA Packaging unit will comprise packaging operations in Europe, the Mid ...