The U.S. Department of Justice has concluded its Hart-Scott-Rodino review clearing International Paper's announced acquisition of Weyerhaeuser's containerboard packaging and recycling business.

 

International Paper announced March 17 it had signed a definitive agreement with Weyerhaeuser to acquire its containerboard packaging and recycling business for $6 billion in cash, subject to post-closing adjustments.  Weyerhaeuser's containerboard packaging and recycling business includes nine linerboard mills, 72 box plants in the U.S. and four in Mexico, and more than 30 specialty packaging, kraft bag and recycling operations.