International Paper Acquires DS Smith, Forms Global Packaging Powerhouse

International Paper (IP) announced a definitive agreement to acquire DS Smith in an all-share deal valued at approximately $9.9 billion. The move creates a global leader in sustainable packaging solutions with a dominant presence in North America and Europe.

The combined company will offer enhanced customer value through innovation, expanded offerings, and a broader geographic reach. IP expects significant synergies of at least $514 million and predicts the transaction to add to earnings per share within the first year. Both companies expressed a strong commitment to sustainability and responsible growth.

“This combination with DS Smith strategically positions us for profitable growth,” said Mark S. Sutton, Chairman and CEO of IP. “DS Smith’s European leadership complements IP’s strengths, accelerating our ability to drive innovation and sustainable solutions.”

IP’s CEO-Elect, Andrew K. Silvernail, added, “By joining forces, we create a compelling opportunity for tremendous shareholder value while strengthening IP’s North American business.”

Miles Roberts, CEO of DS Smith, believes the combination offers a unique opportunity for both companies and their customers. “[This] enhances our global proposition to customers, creates opportunities for colleagues, and drives value for shareholders,” Roberts noted.