The plants in North Carolina, Pennsylvania and Michigan convert (sheet and rewind) bleached paperboard, and also feature finishing departments and distribution centres.
After the purchase, Atlantic will employ over 900 people and will be the largest converter of bleached paperboard in North America.
Rusty Carter, Atlantic president, said: “We have worked with International Paper for years but this acquisition places us is in a very strong position to support our common customers and streamline the entire supply chain.”
Greg Gibson, vice president and general manager of coated paperboard for International Paper, said the deal offered marketplace advantages for both companies.
“International Paper gains significant supply chain flexibility to support our Carolina and Everest brands and job opportunities for our employees in three facilities. Atlantic Packaging gains incredible talent and expertise along with an expanded manufacturing system and marketplace presence in their core converting operations.”
Atlantic began in the small town of Tabor City, North Carolina, in 1946 as a weekly newspaper and has grown into one of the top 25 privately held companies in the state.
