International Paper to Acquire DS Smith in All-Share Combination

Liquibox Acquires DS Smith Plastics Division

February 27, 2020

Packaging

Liquibox, a portfolio company of Olympus Partners, has completed the acquisition of DS Smith plc's Plastics Division. The deal consolidates DS Smith's flexible packaging and Worldwide Dispensers businesses into the Liquibox brand while splitting the rigid plastics businesses into three independently operated units (Corplex, DW Reusables and Engineered Foam Products), creating a combined footprint of 35 manufacturing facilities and nearly 3,000 employees.

Inteplast Group Acquires Brown Paper Goods (Brown Paper Products)

April 2, 2024

Packaging

Inteplast Group has acquired Brown Paper Goods (now operating as Brown Paper Products) and will integrate the business into its Integrated Bagging Systems (IBS) division. Brown Paper Goods is a Safe Quality Food (SQF) certified manufacturer of single-use paper packaging with operations in Waukegan, Illinois and Coppell, Texas; the transaction closed on April 2, 2024.

International Paper Acquires Berkley Molded Fiber Division

February 24, 2021

Manufacturing

The International Paper Company has acquired Berkley International's Molded Fiber manufacturing division, Berkley MF LLC, from Berkley International. The deal transfers an 80,400 sq. ft. molded fiber plant (located outside Reno, Nevada) and capabilities for sustainable molded-pulp packaging to International Paper; the purchase price was not disclosed.

Smurfit Kappa and WestRock Combine to Form Smurfit Westrock plc

July 8, 2024

Packaging

Smurfit Kappa and WestRock completed their previously announced combination on July 5, 2024, creating Smurfit Westrock plc, a global paper-based packaging leader. The combined company began primary trading on the New York Stock Exchange under ticker SW and maintains a standard listing on the London Stock Exchange under ticker SWR, with approximately 100,000 employees across 40 countries.

American Industrial Partners Acquires Global Cellulose Fibers from International Paper

January 24, 2026

Manufacturing

American Industrial Partners (AIP) has completed the $1.5 billion acquisition of International Paper's Global Cellulose Fibers (GCF) business, with part of the consideration issued as preferred stock carrying a $190 million initial liquidation preference. GCF, headquartered in Memphis, Tennessee, will operate as an independent company and reported approximately $2.3 billion in 2024 revenue with about 3,300 employees and nine manufacturing facilities across the U.S., Canada, and Poland.

Imperial Dade Acquires Dees Paper Company

October 3, 2022

Packaging

Imperial Dade has acquired Dees Paper Company, a Mobile, Alabama-based distributor of janitorial sanitation and foodservice packaging products. The transaction — Imperial Dade's 54th acquisition — was announced with financial terms undisclosed; Dees will continue under its existing leadership in partnership with Imperial Dade to expand scale in the Southeast.