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The International Paper Company is an American pulp and paper company, the largest such company in the world. [2] It has approximately 39,000 employees, [ 3 ] and is headquartered in Memphis , Tennessee .
The company was formed in August 2006 when Apollo Global Management purchased the coated and supercalendered paper business from International Paper. [2] [3] In April 2008, Verso conducted an initial public offering and was listed on the New York Stock Exchange. [4] In January 2015, Verso completed its acquisition of NewPage Holdings. [5]
Many significant companies are based in Nashville, Tennessee, and its surrounding communities in the Nashville metropolitan area. [1] Five of the companies, HCA Healthcare, Dollar General, Community Health Systems, Delek US Holdings, and Tractor Supply, were members of the Fortune 500 in 2020, ranking 65th, 112th, 241st, 342nd, and 380th respectively.
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Sep. 28—TICONDEROGA — On Friday, the International Paper Ticonderoga Mill will be renamed to Sylvamo, the spinoff company for IP's papermaking division.
In 1973, Time, Inc. acquired Temple Industries, Inc., merging it with Eastex Pulp and Paper Company to form Temple-Eastex, Inc. Time Inc. had entered the forest products business in 1952 with the purchase of 500,000 acres of timberland in East Texas. [3]
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Its consumption of Tennessee Paper's board grew from about 1,000 tons in 1944 to about 37,000 tons in 1972, when it took 44 percent of Tennessee Paper's total boxboard production. Between 1965 and 1968 Tennessee Paper bought 29.5 percent of Rock City's common stock, preparing the way for the eventual merger of the two companies.