- Business
- International Paper Company (NYSE: IP; LSE: IPC), founded in 1898 and headquartered in Memphis, Tennessee, manufactures and sells renewable fiber-based packaging, pulp, and paper products worldwide. The company operates primarily through two segments, Industrial Packaging and Global Cellulose Fibers; its core offerings include corrugated packaging such as linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft; fluff pulp for absorbent hygiene products including diapers, feminine care, incontinence, and non-woven applications; specialty pulps for textiles, construction materials, paints, coatings, and reinforced plastics; and printing papers under brands like Hammermill, Accent, Chamex, POL, PRO-DESIGN, and REY. International Paper serves diverse customers in commercial printing, imaging, converting, and hygiene sectors across North America, Latin America, Europe, and North Africa.
In April 2024, International Paper announced an agreement to acquire DS Smith Plc in an all-share combination valued at approximately $7.2 billion, creating a global leader in sustainable packaging with enhanced offerings in North America and Europe, expected synergies of at least $514 million, and Andrew K. Silvernail as CEO; the acquisition completed in January 2025, establishing a European headquarters in London while retaining Memphis as the global base, with DS Smith CEO Miles Roberts providing consulting support for up to two years. To satisfy regulatory commitments from the DS Smith acquisition, International Paper completed the divestiture of five European corrugated box plants in July 2025; additionally, in October 2025, it sold its bag converting operations to ProAmpac. These strategic moves strengthen International Paper's focus on sustainable packaging innovation and profitable growth amid a dynamic fiber-based products market.