Carter Holt Harvey Ltd says it is selling a leased wharf store and land it has at Port of Tauranga to the port and leasing a different site there.
The port says the deal is the culmination of 14 months of negotiations and consummates a partnership with the global beverage packaging company owned by Graeme Hart.
Financial details of the deal were not released but Carter Holt's logistics arm Lodestar is effectively moving across the road to the former Norske Skog site, which is now owned by the port.
Carter Holt is selling a leasehold interest in a 2.6 hectare Mount Maunganui wharf store and 1.8 hectares of freehold land within Port of Tauranga's wharf area of Mount Maunganui.
Central to the new agreement is a commitment by Lodestar to export an agreed annual cargo volume through the Port of Tauranga.
Carter Holt owns pulp and paper mills at Tokoroa, Kawerau and Whakatane.
Port of Tauranga Ltd chief executive Mark Cairns said the agreement was beneficial for both parties.
"Partnerships of this nature allow for rational long-term planning for both parties and reduce the risks associated with short-term speculative spending, a situation that is currently impacting on a number of New Zealand ports," he said.
