International Paper Completes Sale of Global Cellulose Fibers Business to American Industrial Partners (AIP) | IP Stock News
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International Paper has finalized the sale of its Global Cellulose Fibers business to American Industrial Partners for $1.5 billion. This transaction includes preferred stock valued at $190 million. The GCF business, which generated approximately $2.3 billion in revenue in 2024, produces high-quality pulp for various personal care products and sustainable materials. International Paper, headquartered in Memphis, employs over 65,000 people globally and reported net sales of $18.6 billion in 2024.
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