Products and Corporate Structure
International Paper is the largest producer of plastic lids and paper cups, manufacturing for the fast-food giants McDonald's, Wendy's, Subway and coffee giant Starbucks. The wood products division of International Paper was sold in 2007 to West Fraser Timber Co. Ltd., a company headquartered in Vancouver. The company currently produces printer and copier paper, envelopes, corrugated packaging and shipping containers, consumer packaging for cosmetics, home entertainment and other retail markets, and food service packaging. It also owns xpedx, a large North American distribution and logistics company.
International Paper is a former Dow Jones Industrial Average component, listed in the index from July 3, 1956 to April 7, 2004. It was one of three components to be dropped in the 2004 change, together with AT&T Corporation and Eastman Kodak. Beginning February 1, 2007 the sale of the beverage packaging division was completed as New Zealand billionaire Graeme Hart won the bid with a nearly 800 million dollar purchase. The division now operates under the Evergreen label. On Monday March 17, International Paper, announced it is buying the containerboard unit of Weyerhaeuser Co. for $6 billion in cash. In October 2007, International Paper formed a joint venture with Ilim Holding, Ilim Group, the alliance in the Russian forest sector.
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