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."

Smurfit Kappa has announced it will invest €24 million to expand its corrugated plant in Rethel, North-East France, demonstrating the company's continued commitment to its French customer market. The new investment will facilitate the consolidation of two existing facilities at that plant and the installation of a new state-of-the-art corrugator and conversion equipment. This investment will result in environmental improvements at the plant including a reduction in CO2 emissions, with a saving of at least 150 tonnes annually. Phase one of the project, including installation of the new corrugator, is due to be completed in the first half of 2022, with full completion of the investment project expected in 2023. The investment will help to modernise and expand the plant, which will include a new 8200m2 building designed specifically for the installation of the new high-tech corrugator.

In response to rising demand for recyclable packaging that performs under pressure, Billerud introduces two new cartonboard grades: CrownBoard Carry and CrownBoard Light. Designed for strength and moisture resistance, the new packaging materials expand the CrownBoard portfolio and support brand owners in meeting both performance and sustainability goals. Like all CrownBoard products, the new grades are made from fresh fibers and designed for easy recycling in existing streams. By avoiding wet-strength additives, they align with upcoming EU regulations that will require packaging to be fully recyclable by 2030. “Brand owners and converters are looking for packaging materials that help them reduce carbon footprints, lower EPR fees and meet future recycling regulations. And this is where our new CrownBoard grades really shine” says Niki Jennische, Senior Director Product Management Cartonboard at Billerud.