International Paper has bought Delmarva Corrugated Packaging (DCP), a packaging facility in Dover, Delaware, US.

Financial terms of the deal remain undisclosed.

The company said the purchase fits its plan to “maximise” value for customers, shareholders, and employees.

International Paper North America packaging solutions executive vice president and president Tom Hamic said: "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."

DCP president and CEO Dennis D Mehiel commented: "We cannot think of an organisation 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." 

In the first quarter of 2026, International Paper generated net sales of $5.97bn, an increase of 13.4% from $5.2bn a year earlier.

Earnings from continuing operations stood at $76m, compared with a loss of $124m in the same period last year.

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

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