International Paper to sell cellulose fibers unit for $1.5 billion
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International Paper is selling its global cellulose fibers business to American Industrial Partners for $1.5 billion, aiming to focus on sustainable packaging. The deal is expected to close by the end of 2025. Additionally, the company announced a $250 million investment in its Riverdale mill in Alabama, affecting around 1,100 jobs, and will permanently close its facilities in Savannah and Riceboro, Georgia.
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