International Paper (NYSE: IP; LSE: IPC) has successfully completed the sale of its Global Cellulose Fibers (GCF) business to American Industrial Partners (AIP) for $1.5 billion. As part of the agreement, AIP acquired the GCF business and issued preferred stock with an initial liquidation preference of $190 million to International Paper.
In 2024, the GCF segment of International Paper generated $2.8 billion in revenue, including contributions from mills that have since closed. The business operations sold to AIP accounted for approximately $2.3 billion in revenue in 2024, excluding the revenue from closed mills.
Furthermore, the GCF business has 3,300 employees globally, nine manufacturing facilities, and eight regional offices.
This transaction comes after International Paper's net sales for 2024 totaled $18.6 billion. Additionally, in 2025, the company acquired DS Smith, further solidifying its position as an industry leader in the North American and EMEA regions. As a result of these announcements, the company's shares have moved -0.71% on the market, and are now trading at a price of $43.35. For the full picture, make sure to review INTERNATIONAL PAPER CO /NEW/'s 8-K report.
