The Palm Group, a leading European manufacturer of paper and corrugated board packaging, has successfully completed the acquisition of five corrugated board plants from the US company International Paper (IP).
The purchase was completed on 30 June 2025 after receiving the necessary approvals from the European Commission and the French antitrust authorities.
With of this acquisition Palm is strengthening its position in the European corrugated cardboard market and expanding its geographical presence in France, Spain and Portugal. The acquired sites will be run under new names in future:
- Palm Packaging Cabourg SAS (North-West of France/Normandy)
- Palm Packaging Mortagne SAS (North-West of France/Normandy)
- Palm Packaging Saint-Amand SAS (North-West of France/Normandy)
- Palm Packaging Bilbao S.L.U. (North-West of Spain/Basque Country)
- Palm Packaging Ovar S.A. (North of Portugal near Porto)
„We are delighted that the closing was able to take place on schedule at the end of the second quarter of 2025. This was made possible by the constructive cooperation of all parties involved. The acquisition of the five plants is an important step in our long-term growth strategy. It allows us to expand and develop our market presence in key regions and now also serve our customers in these regions through local plants.“
Dr Marina Palm, Managing Director of the Palm Group
Palm wants to remain a reliable partner for the existing customers of the five plants in the future - with the familiar local teams, the highest product quality and reliable service, according to Aalen.
Source: Palm
