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M&A Deal Summary

International Paper Acquires DS Smith

On April 16, 2024, International Paper acquired packaging company DS Smith for 9.9B USD

Acquisition Highlights
  • This is International Paper’s 9th transaction in the Packaging sector.
  • This is International Paper’s largest (disclosed) transaction.
  • This is International Paper’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2024-04-16
Target DS Smith
Sector Packaging
Buyer(s) International Paper
Deal Type Add-on Acquisition
Deal Value 9.9B USD
Advisor(s) Goldman Sachs
Citi
J.P. Morgan Securities (Financial)
Slaughter and May
Sullivan & Cromwell (Legal)

Target

DS Smith

London, United Kingdom
DS Smith is a provider of sustainable fiber-based packaging worldwide, which is supported by recycling and papermaking operations. The company delivers circular solutions for its customers and wider society replacing problem plastics, taking carbon out of supply chains, and providing innovative recycling solutions. Its bespoke box-to-box 14-day model, design capabilities, and innovation strategy sit at the heart of this response. DS Smith was incorporated in 1940 and is based in London, the United Kingdom.

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Buyer(S) 1

Buyer

International Paper

Memphis, Tennessee, United States
Category Company
Founded 1898
Sector Packaging
Employees37,000
Revenue 18.6B USD (2024)
DESCRIPTION
International Paper's corporate headquarters in Memphis, Tennessee.
International Paper's corporate headquarters in Memphis, Tennessee.

International Paper is a multinational company operating in the packaging and paper industry. International Paper provides sustainable packaging, pulp, and paper products and serves a diverse range of customers, including manufacturers, retailers, and consumers. International Paper was founded in 1898 and is based in Memphis, Tennessee.

DEAL STATS #
Overall 15 of 15
Sector: Packaging M&A 9 of 9
Type: Add-on Acquisition M&A Deals 4 of 4
Country: United Kingdom M&A 1 of 1
Year: 2024 M&A 1 of 1
Size (of disclosed) 1 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-24 Berkley MF

Reno, Nevada, United States

Berkley MF LLC designs manufacture and distributes custom molded fiber packaging products to a wide range of high-growth consumer products companies, including several e-commerce brands. Berkley MF is based in Reno, Nevada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-07-01 International Paper - Five European Plants

France

International Paper's Five European Plants include (i) three plants in Normandy, France (namely, one box plant in Saint-Amand, one box plant in Mortagne, and one sheet plant in Cabourg); (ii) one box plant in Ovar, Portugal; and (iii) one box plant in Bilbao, Spain.

Sell -
Mergr

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