International Paper (IP) announced a series of strategic changes as part of the company’s ongoing transformation, as stated in a press release shared on Thursday, August 21, 2025.
These changes include the $1.5 billion sale of its Global Cellulose Fibers (GCF) business and a restructuring of its North American packaging operations, ultimately resulting in the loss of almost 1,100 jobs.
Headquartered in Memphis, Tennessee, IP is a global leader in sustainable packaging, with over 65,000 workers in more than 30 countries.
$1.5 Billion Deal
International Paper announced that it reached a definitive agreement to sell its GCF business to American Industrial Partners (AIP), a private equity firm, for $1.5 billion…