International Paper acquires corrugated converting facility in Delaware
International Paper announced the acquisition of Delmarva Corrugated Packaging’s converting facility located in Dover, Delaware, further strengthening the company’s packaging operations along the U.S. East Coast. The acquisition will expand International Paper’s regional manufacturing footprint and increase production capacity for sustainable corrugated packaging solutions. The Dover facility is expected to support International Paper’s long-term growth strategy by enhancing service capabilities and operational flexibility in a growing regional market.
“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.”
Strategic fit for corrugated packaging business
International Paper stated that the acquisition aligns with its strategy focused on expanding value creation for customers, shareholders and employees through growth in corrugated packaging and sustainable supply chain solutions. The company highlighted that the transaction will strengthen its capabilities in the production of corrugated packaging serving multiple industrial sectors.
Dennis D. Mehiel, President and CEO of Delmarva Corrugated Packaging, commented on the transaction: “We are extremely pleased to see IP step into ownership of the Delmarva Corrugated assets. 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.”
International Paper continues to expand its corrugated packaging network across North America as part of its broader strategic transformation programme.
