International Paper

International Paper Company stands as one of the world's premier manufacturers of renewable fiber-based packaging, pulp, and paper products with a rich history spanning over 126 years. Headquartered in Memphis, Tennessee, the company employs approximately 37,000 people globally and generated $18.6 billion in revenue in 2024. Following the transformative January 2025 acquisition of DS Smith for $7.2 billion, the combined entity now serves more than 65,000 employees across 30+ countries, creating a global leader in sustainable packaging solutions with operations spanning North America, Europe, Latin America, and North Africa.

The company's business is primarily focused on industrial packaging, with containerboard and corrugated packaging operations contributing nearly 70% of revenue. International Paper is the largest producer of corrugated containerboard in North America and, following the DS Smith acquisition, the second-largest in Europe. The company's products include linerboard, recycled medium, whitetop, saturating kraft, and a comprehensive range of corrugated packaging solutions serving diverse industries from food and beverage to e-commerce and industrial applications.

International Paper's strategic evolution has been marked by disciplined portfolio management and transformative acquisitions. The company completed the spin-off of its printing papers business as Sylvamo Corporation in October 2021, enabling sharper focus on high-growth packaging markets. Major historical acquisitions include Union Camp Corporation (1999), Champion International (2000), and Temple-Inland ($4.5 billion, 2012). The 2025 DS Smith acquisition represents the largest transaction in company history, significantly expanding European operations and creating expected synergies of at least $514 million while establishing dual headquarters in Memphis and London.

Sustainability and responsible forest stewardship define International Paper's operational philosophy. The company has been named one of the World's Most Ethical Companies by Ethisphere for 19 consecutive years, demonstrating unwavering commitment to safety, ethics, and environmental stewardship. With Vision 2030 sustainability targets driving innovation, International Paper transforms renewable resources into products that improve people's lives while minimizing environmental impact. The company's mission—"to improve people's lives, the planet and our company's performance by transforming renewable resources into products people depend on every day"—guides operations through "The IP Way," ensuring they do the right things, in the right ways, for the right reasons, all of the time.