Press Release

Morgan Lewis Advises The Kraft Group and Schwarz Partners on International Paper Mill Acquisitions

June 06, 2012

NEW YORK, June 6, 2012: The Kraft Group, LLC and Schwarz Partners, LP have agreed to acquire two containerboard mills from global paper and packaging company International Paper.

Kraft Group and Schwarz Partners formed a joint venture to acquire the Port Hueneme, Calif. and Ontario, Calif. mills. International Paper agreed to the sale to comply with a U.S. Department of Justice order to divest the former Temple-Inland Inc. mills related to its recent $4.3 billion purchase of Temple-Inland. Foxborough, Mass.-based Kraft Group, is the holding company for the Kraft family's businesses concentrated in paper and packaging and forest product distribution; sports and entertainment; real estate development; private equity investing and philanthropy. Indianapolis-based Schwarz Group is a holding company focused on packaging, sheet feeders and transportation.

Morgan Lewis represented the Kraft Group and Schwarz Partners JV on the acquisition. The Morgan Lewis deal team was led by Business & Finance partners Steven Navarro and Jonathan Bernstein and included Business & Finance partners Matthew Furlong, Judith Walkoff and Michael Pillion, Tax partner Kenneth Kail and Business & Finance associates Andrew Milano, Kevin Jarboe and Megan Gatto. They were assisted by Employee Benefits and Executive Compensation partners Steven Spencer, R. Randall Tracht and of counsel Randall McGeorge, Antitrust partner Harry Robins and associate Sarah Rabinovici, Real Estate associate Kathleen Martin, Intellectual Property partner Robert Smyth, Labor and Employment associate John Ferrer and Tax associate William Gorrod.

For more information, please see International Paper's press release.