International Paper has recently made headlines by putting forth a £5.7 billion takeover proposal for DS Smith, a British building products supplier. This move by the US-based company has disrupted a previous offer made by Mondi. The potential acquisition of DS Smith would mark another instance of a foreign buyer acquiring a British-listed company.
International Paper, headquartered in Memphis, Tennessee, is the largest pulp and paper company globally. With approximately 56,000 employees, the company has a significant presence in the industry. Known for its operations in manufacturing paper, packaging products, and building materials, International Paper has established itself as a key player in the market. This proposed takeover bid for DS Smith reflects the company's strategic growth ambitions and its interest in expanding its reach in the industry.