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International paper (IP) has given up the acquisition on SKG.
May 24, 2018

Us International Paper(IP) announced it would no longer give an offer for the acquisition of SKG (SmurfitKappaGroup) after two failed bids.

In March 2018, International Paper(IP) in the case of without warning, suddenly sent the offer of acquisition to SKG (SmurfitKappaGroup) group, but the SKG rejected twice, SKG think International Paper offer seriously underestimated the value of the company.

Even if The International Paper announced it will no longer offer actively, but the IP also announced that it would offer the acquisition if SKG's board offered to be taken over.

IP and SKG are the world's top 10 paper companies, ranking first and eighth respectively,and are the largest manufacturers of paper packaging in the world and Europe. If the two companies merge, total revenues will exceed $30 billion, will control the main waste paper, packaging paper and paper in North America and Europe market, the impact on the Chinese market will also be profound.



  • Contact Us

    Add: 80th East Jinque Road, Wujiaxiang Industrial District, Yisuhe Town, Xiangtan County, Hunan Province, P.R.China.
    Contact: Rosemary Han
    Mob: +86-17700793582
    Tel: +86-731-84632066
    E-mail: sales2@zhmachines.com

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