Paper Distributor & Packaging Supplier

International Paper and DS Smith Plc announced that they have reached agreement on the terms of a recommended all-share combination (the "Combination"), creating a truly global leader in sustainable packaging solutions. The terms of the Combination value each DS Smith share at 415 pence per share1, and will result in IP issuing 0.1285 shares for each DS Smith share, resulting in pro forma ownership of 66.3 percent for IP shareholders and 33.7 percent2 for DS Smith shareholders, implying a transaction value of approximately $9.9 billion3. The Combination is expected to close by the fourth quarter of 2024. "Combining with DS Smith is a logical next step in IP's strategy to drive profitable growth by strengthening our global packaging business," said Mark S. Sutton, Chairman and CEO of IP. "DS Smith is a leader in packaging solutions with an extensive reach across Europe, which complements IP's capabilities and will accelerate growth through innovation and sustainability. We are confident this combination will drive significant value for our employees, customers, and shareholders."

As a global leader in the development of value-added dispensing closure solutions, Aptar Closures continues to deliver on its commitment to design for recyclability while providing convenience and safety to end-consumers. One of the most recent introductions to the market is Future Disc Top, a fully recyclable* closure that was also made to withstand the rough e-commerce journey to provide peace of mind to brands and consumers. Ideal for the beauty and personal care categories, Future Disc Top stands out on several fronts. Made entirely from polyethylene (PE), which is one of the most commonly recycled packaging materials in the world today, it allows brand owners to deliver more recyclable packaging for a wide range of products. This is the first of its kind in the market, helping to solve the problem of mixed-material packaging, where only the container itself can be recycled. To ensure full recyclability, Future Disc Top should be paired with a suitable PE or PET bottle. Notably, a version made from post-consumer recycled (PCR) content is also available, further demonstrating Aptar Closures’ commitment to providing strong solutions aligned to circular economy principles, and to helping brands deliver on their sustainability promises.