International Paper has outlined proposed changes to its Central European operations following its January 2025 combination with DS Smith, announcing plans to close several production sites in Germany as part of a broader post-merger restructuring effort.
The company said the proposal — which remains subject to mandatory employee information and consultation procedures — includes the closure of five sites in Germany, comprising one conventional box plant, one display and offset facility, and three sheet plants. A sixth display site would undergo a partial closure. International Paper estimates that around 500 roles may be affected if the plan proceeds.
The update was issued under Rule 19.6(b) of the UK Takeover Code and revises the post-offer intention statements published in 2024 as part of the acquisition process. International Paper completed its all-share combination with DS Smith on January 31, 2025, creating one of the industry’s largest packaging companies with a strong presence in North America and the EMEA region.
According to the company, the proposed closures stem from a strategic review of its Central European business in response to challenging market conditions. The goal, it said, is to “improve efficiencies and respond to the evolving needs of customers,” aligning production capacity with demand and strengthening the company’s long-term competitive position.
International Paper described the proposal as part of its “transformational journey” to become a stronger sustainable packaging solutions provider. The company said it is focused on optimizing its operational footprint and deploying resources in a manner that supports growth in key markets.
A consultation process with employee representatives is now underway, and International Paper stated it will not comment further on the potential impact until discussions have progressed.
International Paper, headquartered in Memphis with EMEA offices in London, employs more than 65,000 people worldwide and operates in over 30 countries. The 2025 acquisition of DS Smith significantly expanded its European presence, creating a combined business with 2024 net sales of $18.6 billion.
Source: International Paper
