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International Paper Completes Acquisition of DS Smith
IPInternational Paper(IP) Prnewswire·2025-01-31 22:06

Core Insights - The acquisition of DS Smith by International Paper creates a global leader in sustainable packaging solutions, focusing on attractive and growing markets in North America and Europe [1][2] - The combined entity is expected to achieve significant synergies of at least 514million,enhancingcustomervaluethroughimprovedofferingsandinnovation[1][2]−TheacquisitionisprojectedtobeEPSaccretiveinthefirstyear,supportedbyastronginvestment−gradebalancesheet[1]CompanyOverview−InternationalPaper,headquarteredinMemphis,Tennessee,isaleadingplayerinsustainablepackagingsolutions,employingover65,000teammembersandoperatinginmorethan30countries[6]−Thecompanyreportednetsalesof514 million, enhancing customer value through improved offerings and innovation [1][2] - The acquisition is projected to be EPS accretive in the first year, supported by a strong investment-grade balance sheet [1] Company Overview - International Paper, headquartered in Memphis, Tennessee, is a leading player in sustainable packaging solutions, employing over 65,000 team members and operating in more than 30 countries [6] - The company reported net sales of 18.6 billion for 2024, indicating a robust financial position prior to the acquisition [6] Acquisition Details - As part of the acquisition, International Paper will issue approximately 179,847,780 new shares of common stock for each ordinary share of DS Smith, with trading expected to begin on February 4, 2025 [3] - The new shares will be listed on the New York Stock Exchange under the symbol "IP" and on the London Stock Exchange under the symbol "IPC" [3]