International Paper Co.
International Paper Completes Sale of GCF Business to AIP
Summary
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, including the issuance of preferred stock with an aggregate initial liquidation preference of $190 million. The GCF business, which generated approximately $2.3 billion in revenue in 2024, includes nine manufacturing facilities and eight regional offices with 3,300 employees globally. This transaction represents a strategic divestiture by International Paper.
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About International Paper Co.
International Paper Co. is a leading global producer of renewable fiber-based packaging, pulp, and paper products. Primarily serving the industrial packaging sector, the company plays a critical role in the supply chain for a variety of industries, providing essential materials for sustainable packaging solutions. Beyond industrial packaging, International Paper Co. is deeply involved in the production of pulp used in the making of personal care products, tissue, and other consumer-oriented goods. Through its expansive reach across North America, Latin America, Europe, and beyond, International Paper Co. adheres to sustainable practices, prioritizing renewable resources and environmentally friendly processes. Established in 1898 and headquartered in Memphis, Tennessee, the company is a significant player in the global forest products industry. Its commitment to sustainability and innovation helps meet the world's packaging needs while minimizing environmental impact, making it a key influencer in promoting ecological consciousness within the financial markets.
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