mynth
04/2026

NORPAC acquired by INTERNATIONAL PAPER COMPANY

UNITED STATES Chemicals & Materials / Material Transformation / Paper EV 300M - 700M USD

Context

The group has finalized an agreement to acquire the target from One Rock Capital Partners, a maneuver designed to fundamentally expand its manufacturing capabilities in the growing West Coast region. The strategic rationale for this transaction centers on a "network-flexibility" play, merging the target's industry-leading technical operational depth in recycled fiber milling with the group’s established global distribution and containerboard framework. This structural alignment provides the organization with the scientific talent and high-performance hardware (specifically the target's three specialized machines) required to address the increasing demand for lightweight, high-performance recycled packaging.

NORPAC, which reported an EBITDA margin of LOGIN in 2026, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Industry & Manufacturing sector (11.6x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

North Pacific Paper Company (NORPAC) is a USA company specialized in Recycled Containerboard Manufacturing. Based in the Pacific Northwest, the company has carved out a distinct space in the industry by focusing on the large-scale production of high-quality, environmentally sustainable fiber products. Instead of just milling standard paper grades, they thrive on a philosophy of technical adaptation, having recently completed a multi-year transformation to shift their output toward lightweight, recycled containerboard. What makes them a go-to partner is their ability to leverage three industry-leading machines to produce high-performance materials that meet the rigorous weight and strength requirements of the modern packaging sector.

Ent. Value

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Multiples

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EV / EBITDA

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EV / EBIT

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Historical Financials (USD)

Year
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2026
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2025
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REFERENCES

Valuation range: EV 300M - 700M USD

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Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Acquirer: international paper company