International Paper will close five packaging sites in Britain, following a strategic review of the region.
May 23, 2025
International Paper will close five packaging sites in Britain, citing tough industry conditions.
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The company earlier acquired UK paper and packaging company DS Smith for USD 7.2 billion.
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It has proposed closing five packaging sites following a strategic review of the region. Additionally, the company proposes to relocate one site, move from 24-7 to 24-5 operations at one site, and a small headcount reduction at two further packaging sites in the UK. The proposal is expected to be implemented by the end of this year.
