Mayr-Melnhof Karton AG has purchased the Kwidzyn pulp and paper mill, and supporting operations, from International Paper. The acquisition cost €670 million, approximately $812 million, subject to closing adjustments for net debt and net working capital. 

On December 3, 2020, International Paper announced its intention to spin off its printing papers business into a standalone, publicly-traded company in order to focus on its corrugated packaging and absorbent fibers businesses. The sale of Kwidzyn provides an opportunity for International Paper to realize a premium value and significant incremental cash proceeds.