International Paper announced it has acquired a converting facility from Delmarva Corrugated Packaging in Dover, Delaware, expanding its footprint in a growing East Coast market.
The acquisition is expected to strengthen International Paper’s packaging capabilities, expand its regional market presence, and increase production capacity for sustainable packaging solutions. The Dover facility will support the company’s broader strategy of delivering corrugated packaging products with greater speed and operational efficiency for customers across the region.
International Paper said the acquisition aligns with its long term strategy focused on value creation for customers, shareholders, and employees.
Tom Hamic, Executive Vice President and President of Packaging Solutions North America at International Paper, said the Dover facility’s established customer relationships and strategic location will help accelerate the company’s growth plans and improve service capabilities across the East Coast market.
Dennis D. Mehiel, President and CEO of Delmarva Corrugated Packaging, said International Paper is well positioned to help the Dover operation reach its full potential and expressed confidence that the transaction will benefit stakeholders associated with the business.
International Paper is a global sustainable packaging solutions company focused on corrugated packaging products and supply chain solutions for customers across multiple industries.
KEY QUOTES:
“This acquisition strengthens our footprint in the region and supports our long term growth strategy. 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.”
Tom Hamic, Executive Vice President and President, Packaging Solutions North America, International Paper
“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.”
Dennis D. Mehiel, President and CEO, Delmarva Corrugated Packaging
