Acquisition Details International Paper has announced the acquisition of a converting facility in Dover, Delaware, from Delmarva Corrugated Packaging. The financial terms of the transaction were not disclosed.

Strategic Significance and Growth This strategic acquisition is set to enhance International Paper's operational capabilities, broaden its market reach, and increase its capacity to produce high-quality sustainable packaging solutions for customers. Tom Hamic, Executive Vice President and President of North America Packaging Solutions at International Paper, stated that the acquisition strengthens the company's footprint in the region and supports its long-term growth strategy. The Dover facility's strong customer base and strategic location will enable the company to deliver high-quality, sustainable packaging solutions with greater speed and reliability.

Management Commentary Dennis D. Mehiel, President and CEO of Delmarva Corrugated Packaging, expressed satisfaction with the transaction, noting that it is difficult to find a more suitable organization than International Paper to help the Dover team realize its business potential. He believes the deal will benefit all stakeholders of the company.

Company Background International Paper is a leader in sustainable packaging solutions, and this acquisition aligns with its strategy to create maximum value for customers, shareholders, and employees. The company's previously announced first-quarter 2026 financial results showed revenue of $5.97 billion and earnings from continuing operations of $76 million. Analysts have indicated that this move represents a significant step in International Paper's efforts to solidify its position in the competitive East Coast packaging market.