International Paper has acquired Delmarva Corrugated Packaging in Dover, Delaware. The strategic acquisition of this facility will enhance International Paper's capabilities, expand its market presence, and increase its capacity to produce the highest-quality sustainable packaging solutions for 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, 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."

"We are extremely pleased to see IP step into ownership of the Delmarva Corrugated assets," said Dennis D. Mehiel, DCP President and CEO. "We cannot think of an organization better suited to help the team in Dover achieve the full potential of the business, and we are highly confident this transaction will benefit all of DCP's stakeholders."

The acquisition aligns with International Paper's strategy to maximize value creation for customers, shareholders and employees.

International Paper (NYSE: IP; LSE: IPC) creates sustainable packaging solutions that enable customers, teammates and shareowners to thrive in an ever-changing world. IP is a leader in corrugated packaging, partnering with customers across industries to protect what matters most, strengthen supply chains and create lasting value.

Source: International Paper