International Paper (IP) has acquired Delmarva Corrugated Packaging (DCP), adding converting capacity and strengthening its packaging network in the US Mid-Atlantic region as the company continues to reshape its portfolio following its acquisition of DS Smith.
The transaction brings DCP’s corrugated packaging operations in Dover, Delaware into International Paper’s Packaging Solutions North America business. Financial terms were not disclosed.
The acquisition gives IP additional manufacturing capacity and a geographically strategic production base intended to improve service levels and responsiveness for regional customers.
“This acquisition strengthens our footprint in the region and supports our long-term growth strategy,” said Tom Hamic, Executive Vice President and President, Packaging Solutions North America at International Paper.
“The Dover facility’s strong customer base and strategic location expand our ability to deliver high-quality, sustainable packaging solutions with greater speed and reliability. We look forward to welcoming the team and working closely with customers to ensure a smooth and successful integration.”
International Paper said the transaction supports its broader strategy of maximising long-term value creation across customers, employees and shareholders while reinforcing its packaging operations.
For Delmarva Corrugated Packaging, the deal marks a transition to ownership by one of the world’s largest fibre-based packaging groups.
“We are pleased to see IP step into ownership of the Delmarva Corrugated assets,” said Dennis D. Mehiel, President and CEO at DCP.
“We cannot think of an organization better suited to help the team in Dover achieve the full potential of the business, and we are confident this transaction will benefit all of DCP’s stakeholders.”
The acquisition adds another chapter to International Paper’s ongoing restructuring and growth programme. The company completed its acquisition of DS Smith last year in a deal that significantly expanded its international packaging footprint and strengthened its position in Europe.
More recently, International Paper has continued adjusting its operating structure through portfolio changes, including divestments and site rationalisation in North America. The company has also announced plans to separate its EMEA packaging activities into a standalone publicly traded company, creating a business built around the former DS Smith operations together with IP’s regional packaging assets.
The Delmarva acquisition signals that, despite wider restructuring activity and recent financial pressure, International Paper continues to invest selectively in assets intended to strengthen regional production density and corrugated packaging capability in core markets.
