International Paper (IP) announced the completion of its acquisition of DS Smith. The combined company creates a global leader in sustainable packaging solutions.

“The combination of International Paper and DS Smith will create the world’s leading sustainable packaging company,” said Andrew K. Silvernail, Chairman and CEO of IP. “With a differentiated geographic footprint and an unparallelled suite of sustainable packaging products and services, we will accelerate growth, improve profitability and serve our customers even better.”

International Paper (NYSE: IP) 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, it employs more than 65,000 team members and serves customers around the world with operations in more than 30 countries.

Net sales for 2024 were $18.6 billion. International Paper acquired DS Smith creating an industry leader focused on the attractive and growing North American and EMEA regions.