International Paper and DS Smith Forge New Packaging Giant
Deal News | Feb 03, 2025 | PR Newswire Cision International Paper
International Paper and DS Smith have combined to become a leading global entity in sustainable packaging solutions. This merger, effective January 31, 2025, aims to accelerate growth and improve profitability across operations spanning over 30 countries, with a particular focus on North America and the EMEA regions. The combining of strengths from both companies promises to enhance customer experience, increase innovation, and amplify sustainability efforts. According to Andy Silvernail, CEO of International Paper, the merger will leverage the expertise and capabilities of both teams, creating a new industry leader. International Paper, headquartered in Memphis, Tennessee, reported net sales of $18.6 billion in 2024 prior to this acquisition. The initiative underscores a commitment to sustainable business practices and aims to serve a global client base more efficiently.
Sectors
- Sustainable Packaging
- Manufacturing
Geography
- United States – International Paper is headquartered in Memphis, Tennessee, indicating significant operations and market focus in the United States.
- EMEA – Both companies have a strong focus on the Europe, Middle East, and Africa regions, as highlighted in their merger to enhance their market presence.
Industry
- Sustainable Packaging – The article revolves around the merger of two leading companies in the sustainable packaging industry, International Paper and DS Smith, creating a new global leader in this sector.
- Manufacturing – Both International Paper and DS Smith are involved in the manufacturing of packaging, containerboard, and pulp products, thus placing them within the manufacturing sector.
Financials
- $18.6 billion – Net sales for International Paper for the year 2024, prior to the DS Smith acquisition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| International Paper | Acquirer | Company | International Paper is the global leader in sustainable packaging solutions with headquarters in Memphis, Tennessee and operations in more than 30 countries. |
| DS Smith | Acquired Company | Company | DS Smith is one of the leading producers of packaging, containerboard and pulp products, now combined with International Paper. |
| Andy Silvernail | Chairman & CEO | Person | Chairman and Chief Executive Officer of International Paper, who announced the merger. |