International Paper acquires Delmarva Corrugated Packaging to strengthen Mid-Atlantic footprint, service speed

USA – International Paper has acquired Delmarva Corrugated Packaging, a packaging facility in Dover, Delaware, strengthening its footprint in the Mid-Atlantic region to deliver corrugated packaging with greater speed and reliability, supporting its long-term growth strategy.

Financial terms of the deal remain undisclosed. 

International Paper North America packaging solutions executive vice president and president Tom Hamic explained that the acquisition strengthens the company’s footprint in the region and supports its long-term growth strategy, adding that the Dover facility’s strong customer base and strategic location expand International Paper’s ability to deliver high-quality, sustainable packaging solutions with greater speed and reliability. 

The company looks forward to welcoming the team and working closely with customers to ensure a smooth and successful integration.

Strategic Value of the Dover Facility

Dover, Delaware, is located within a day’s drive of major population centres including Philadelphia, Baltimore, Washington DC, and New York City. 

For corrugated packaging customers, proximity translates directly into shorter lead times, lower freight costs, and reduced inventory holding requirements. 

A box plant that is 100 miles closer to a distribution centre can offer next-day delivery where a more distant competitor requires three days. 

In e-commerce and direct-to-consumer fulfilment, where packaging is often the last step before shipment, that speed difference can determine supplier selection.

International Paper’s Financial Context

In the first quarter of 2026, International Paper generated net sales of US$5.97 billion, an increase of 13.4% from US$5.2 billion a year earlier. Earnings from continuing operations stood at US$76 million, compared with a loss of US$124 million in the same period last year.

Packaging solutions revenue in North America declined 2% to US$3.6 billion, as seasonally reduced volumes outweighed the impact of higher export pricing and a favourable mix. 

The North America unit reported operating profit of US$248 million for the quarter, up from US$142 million a year ago. 

The acquisition of DCP adds profitable volume in a region where International Paper already operates, increasing density without the capital expenditure of a greenfield build.

Customer and Supplier Perspectives

DCP president and CEO Dennis D Mehiel commented that he cannot think of an organisation better suited to help the team in Dover achieve the full potential of the business, and that he is highly confident this transaction will benefit all of DCP’s stakeholders. 

For DCP’s existing customers, the acquisition provides access to International Paper’s broader product portfolio, technical resources, and supply chain network. 

For International Paper, DCP adds a well-run facility with established customer relationships and an experienced workforce.

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