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IP forms new entity with Grupo Orsa

International Paper and Brazilian corrugated packaging producer Jari Celulose, Embalagens e Papel S.A., a Grupo Orsa company, have finalized the formation of Orsa International Paper Embalagens S.A. The new entity, in which IP will hold a 75 percent stake, includes 3 containerboard mills and 4 box plants. The value of IP’s investment is approximately $470 million at today’s exchange rate.