Completion of the acquisition of DS Smith expected to be postponed until 2025
News General news
International Paper (IP) expects that the takeover of British paper and packaging manufacturer DS Smith will probably not be completed until the first quarter of 2025 after the end of the regulatory reviews.
The US company announced this in its financial report for the third quarter of 2024. IP had previously assumed that the transaction would be completed during the fourth quarter of this year.
The regulatory process is underway and the company is actively planning the integration, IP explained during its third quarter conference call on October 31. Upon completion of the transaction, IP's Senior Vice President and Chief Financial Officer (CFO) Tim Nicholls will serve as interim head of the combined Europe, Middle East and Africa teams, CEO Andy Silvernail announced.
