MEMPHIS, Tenn., Feb. 3, 2025 /PRNewswire/ -- International Paper (NYSE:IP; LSE: IPC) and DS Smith, two of the leading producers of sustainable packaging, containerboard and pulp products, combined forces on January 31, 2025 to create a new global leader in sustainable packaging solutions, focused on the attractive North American and EMEA regions.

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The combination brings together the best of both companies to accelerate growth, improve profitability and serve customers all over the world from operations in more than 30 countries. Together with DS Smith, International Paper will be a great place to work with colleagues who value excellence, ethics and safety above all else.

"With a stronger portfolio of sustainable packaging solutions, the combination of International Paper and DS Smith enhances our offerings, increases innovation and expands our geographic reach," said Andy Silvernail, International Paper Chairman and Chief Executive Officer. "We will bring together the capabilities and expertise of two experienced teams, with similar cultures to create the global leader in sustainable packaging solutions."

Stronger on Customer Experience: Linking the best elements of both companies, the combination creates the most responsive and efficient service in the industry, providing customers with unparalleled experience and demonstrated value.

Stronger on Innovation: From quality packaging to differentiated processes, the combined company has the very best innovators who relentlessly pursue every new opportunity to create ground-breaking sustainable packaging solutions.

Stronger on Sustainability: Sustainability is a core strength of the newly combined company, which is committed to being a diligent steward of our forests, a responsible custodian of our environment and a force for good in our communities.

Together with our customers, International Paper makes the world safer and more productive one sustainable packaging solution at a time.

About International Paper

International Paper (NYSE: IP; LSE: IPC) is the global leader in sustainable packaging solutions. With company headquarters in Memphis, Tennessee, USA, and EMEA (Europe, Middle East and Africa) headquarters in London, UK, we employ more than 65,000 team members and serve customers around the world with operations in more than 30 countries. Together with our customers, we make the world safer and more productive, one sustainable packaging solution at a time. Net sales for 2024 were $18.6 billion. In 2025, International Paper acquired DS Smith creating an industry leader focused on the attractive and growing North American and EMEA regions. Additional information can be found by visiting internationalpaper.com

Forward-Looking Statement

This press release contains forward-looking statements that reflect our current expectations and projections about future events. These statements are based on assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated. We undertake no obligation to update these statements as a result of new information or future events. For more information on risks facing the Company, please see our reports and press releases filed with the U.S. Securities and Exchange Commission.

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SOURCE International Paper