Few surprises mark this year's Top 100 results, which has been the case for many years. International Paper (IP) continues to be ranked at the top with sales of pulp, paper, converting and merchanting (PPCM) operations reaching more than $26 billion in 2011. Ranked by PPCM sales, IP continues to be in a class by itself in the industry, more than $10 billion ahead of Procter & Gamble (P&G). P&G, maker of many famous consumer brands, far outpaces IP in consolidated sales. But, sales of laundry detergent don't count in these rankings.
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