International Paper will close mills in Alabama and Georgia that will lead to layoffs of more than 1,000 employees.

(Reuters) -International Paper said on Thursday it will sell its global cellulose fibers business to private equity firm ...

International Paper Co. has announced the closure of two Georgia paper mills, including a Savannah mill that's been a key ...

American Industrial Partners has agreed to acquire International Paper’s global cellulose fibers business for $1.5 billion.

The latest closures bring the number of impacted IP workers to 3,600 since October 2024. The actions add to North American containerboard production capacity cuts, which now total 9.5% in 2025, ...

International Paper called the decision a series of strategic changes to achieve an advantaged cost position in a press release sent out by the company on Thursday morning.

The closures are part of a broader initiative to reduce International Paper’s annual containerboard capacity by 1 million tons. One mill was nearly 90 years old.

International Paper announced Thursday it will close the Riceboro containerboard mill and Riceboro Timber and Lumber. International Paper bought DS Smith, which was operating the Riceboro mill, in ...

International Paper called the decision a series of strategic changes to achieve an advantaged cost position in a press ...

American Industrial Partners has agreed to acquire International Paper's global cellulose fibers business for $1.5 billion. American Industrial, an industrials-focused investor, said Thursday that its ...

The Savannah and Riceboro closures came as part of a series of "strategic changes to achieve an advantaged cost position," the press release said.

International Paper Co. said it will sell its global cellulose fibers business for $1.5 billion as part of its strategy to focus on sustainable packaging solutions.The Memphis-based company will be ...