IP, Stora Enso to Merge?

“International Paper, like every other major company, is continuously examining beneficial consolidation options, but I honestly have no knowledge of specific discussions or plans between International Paper and Stora Enso,” Herbert told Reuters.

“That would be an enormous merger,” he added.

Consolidation has been a popular avenue among the paper set. In 2000, Stora Enso acquired Consolidated Papers in a deal worth nearly $5 billion. IP was also active, plunking down more than $7 billion to acquire Shorewood Packaging. Two other leading paper heavyweights, Weyerhaeuser and Williamette, have waged a very visible battle in the former’s hostile bid attempt to take over the latter.