International Paper Acquires DS Smith for $9.9 Billion

The acquisition aims to create a global leader in sustainable packaging, enhancing both companies' market positions in Europe and North America.

International Paper announced the acquisition of DS Smith, valued at approximately $9.9 billion, expected to close by the fourth quarter of 2024.
The deal will result in International Paper owning about 66% of the combined entity, with DS Smith shareholders owning the remainder.
The acquisition is part of International Paper's strategy to enhance its global packaging business and drive profitable growth.
The combined company will focus on sustainable packaging solutions, aiming for significant cost savings and synergies.
Approximately 400 corporate and administrative roles are expected to be reviewed for potential reductions as part of the integration process.