International Paper Closes $1.5 Billion Sale Of Global Cellulose Fibers Unit To American Industrial Partners

International Paper has completed the sale of its Global Cellulose Fibers (GCF) business to funds affiliated with American Industrial Partners (AIP) for $1.5 billion, marking a major portfolio step as the company continues to sharpen its focus on sustainable packaging. The deal transfers ownership of a large-scale pulp platform that serves essential consumer categories, while also providing International Paper with additional consideration tied to preferred equity.

Full Story