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International Paper Announces Strategic Changes
International Paper Announces Strategic Changes PR Newswire IP to Sell Global...
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[{"type":"text","content":"International Paper Announces Strategic Changes\n\n\n\n International Paper Announces Strategic Changes\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n PR Newswire\n \n\n\n\n\n IP to Sell Global Cellulose Fibers Business to American Industrial Partners\n \n\n\n\n Other Changes Include a\n \n $250 Million\n \n Investment in the Riverdale Mill in\n \n Selma, Ala.\n \n and the Closure of Riceboro Mill,\n \n Savannah Mill\n \n and\n \n Savannah Box Plant\n \n\n\n\n\n\n MEMPHIS, Tenn.\n \n\n ,\n \n\n Aug. 21, 2025\n \n\n /PRNewswire/ -- International Paper (NYSE: IP; LSE: IPC), a global leader in sustainable packaging solutions, today announced a series of strategic changes to achieve an advantaged cost position, deliver a superior customer experience and maintain a high relative supply position as part of its ongoing transformation journey.\n \n\n\n\n\n\n\n\n\n\n\n Agreement to Sell Global Cellulose Fibers Business\n \n\n\n International Paper has reached a definitive agreement with American Industrial Partners (AIP) to sell its Global Cellulose Fibers (GCF) business for\n \n $1.5 billion\n \n , subject to closing adjustments, including the issuance of preferred stock with an aggregate initial liquidation preference of\n \n $190 million\n \n . The Company previously announced the decision to review strategic alternatives for its GCF business last fall, as part of the Company's strategy to focus on sustainable packaging solutions. The transaction is expected to close by the end of the year, subject to regulatory approvals.\n \n\n \"GCF is a strong business, and I'm pleased to see it transitioning to AIP, which is focused on investing in and growing industrial businesses,\" said IP Chief Executive Officer\n \n Andy Silvernail\n \n . \"Over the past few months, GCF has done the hard work of aligning resources with its most strategic customers, implementing an 80/20 mindset, and creating a simplified and focused portfolio. These actions, combined with its talented and committed team made it an attractive investment for AIP to ente...