International Paper (IP) has completed the acquisition of DS Smith worth USD 7.2 billion. Under the terms of the acquisition, International Paper will issue approximately 179.8 million new shares of common stock.
Feb 3, 2025
International Paper 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. Combining the strengths and capabilities of our two businesses are poised to serve our customers better than ever. International Paper (IP) completed the acquisition of DS Smith worth USD 7.2 billion.
Under the terms of the acquisition, International Paper will issue approximately 179.8 million new shares of common stock. The company will be done by offering 0.1285 new shares for each DS Smith ordinary share.
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The company primarily will list on the New York Stock Exchange and then on the London Stock Exchange. With this acquisition, IP will focus on the growing markets of North America and Europe, and will become a leading player in sustainable packaging solutions.
As per IP Chairman and CEO Andrew Silvernail, the combination of International Paper and DS Smith will create the world’s leading sustainable packaging company. He said, “With a differentiated geographic footprint and an unparalleled suite of sustainable packaging products and services, we will accelerate growth, improve profitability and serve our customers even better.”
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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.
