International Paper’s xpedx Acquires Fidelity Container

International Paper’s distribution business, xpedx, will operate Fidelity Container as a business unit.

“This combination is an exciting opportunity for International Paper, xpedx, and our customers,” says Tom Kadien, International Paper senior vice president and president of xpedx. “The acquisition of Fidelity Container will provide greater access to important customers and improved operating synergies, while meeting our selective reinvestment criteria. We believe the acquisition of a well-respected, customer-focused packaging business like Fidelity Container will enhance the value of our expanding distribution business.”