International Paper acquires Delmarva Corrugated Packaging

1 hour ago 1

Vidhya Edwards Munnangi

Tue, May 19, 2026 astatine 4:34 AM CDT 1 min read

International Paper has bought Delmarva Corrugated Packaging (DCP), a packaging installation successful Dover, Delaware, US.

Financial presumption of the woody stay undisclosed.

The institution said the acquisition fits its program to “maximise” worth for customers, shareholders, and employees.

International Paper North America packaging solutions enforcement vice president and president Tom Hamic said: "This acquisition strengthens our footprint successful the portion and supports our semipermanent maturation strategy.

"The Dover facility's beardown lawsuit basal and strategical determination grow our quality to present high-quality, sustainable packaging solutions with greater velocity and reliability. We look guardant to welcoming the squad and moving intimately with customers to guarantee a creaseless and palmy integration."

DCP president and CEO Dennis D Mehiel commented: "We cannot deliberation of an organisation amended suited to assistance the squad successful Dover execute the afloat imaginable of the business, and we are highly assured this transaction volition payment each of DCP's stakeholders."

In the archetypal 4th of 2026, International Paper generated net income of $5.97bn, an summation of 13.4% from $5.2bn a twelvemonth earlier.

Earnings from continuing operations stood astatine $76m, compared with a nonaccomplishment of $124m successful the aforesaid play past year.

Packaging solutions gross successful North America declined 2% to $3.6bn, arsenic seasonally reduced volumes outweighed the interaction of higher export pricing and a favourable mix.

The North America portion reported operating nett of $248m for the quarter, up from $142m a twelvemonth ago.

"International Paper acquires Delmarva Corrugated Packaging" was primitively created and published by Packaging Gateway, a GlobalData owned brand.

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