MEMPHIS — International Paper has entered into an agreement to acquire North Pacific Paper Company (NORPAC), a portfolio company of One Rock Capital Partners, for $360MM. NORPAC is a US-based paper manufacturer operating out of Longview, Washington. The company employs approximately 500 people at its paper mill, where it operates three industry-leading machines that produce approximately one million tons of containerboard and other grades annually. …Tom Hamic, Executive Vice President and President, Packaging Solutions North America, International Paper said “NORPAC’s attractive customer base, location and operational capabilities strengthen our ability to serve customers in the growing West Coast region. …The acquisition of NORPAC is part of International Paper’s strategic transformation to maximize value creation for customers, shareholders and employees. The acquisition is subject to regulatory approval.