IP completes Polyrey sale

7 December 2006 — Brussels (BEL): International Paper (IP) has completed the sale of its Polyrey manufacturing business to Illinois Tool Works.

Polyrey specialises in the manufacture and marketing of decorative surfaces, such as laminate sheets, boards and engineered components, and has approximately 750 employees in France, Belgium, the United Kingdom and Spain.

 

Eric Chartrain, chairman of IP SA, said: "Polyrey is a good business with a strong brand, and as part of ITW, will be well positioned for future success."