Private equity firm American Industrial Partners is the buyer in the long-anticipated sale. CEO Andy Silvernail has been ...

International Paper said on Thursday it will sell its global cellulose fibers business to private equity firm American ...

International Paper sells its Global Cellulose Fibers division, including Grande Prairie's operations. Announced early Aug.

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

International Paper (IP) announced Thursday, Aug. 21, that it has entered into an agreement for its Global Cellulose Fibers ...

The company is restructuring its North American packaging business to improve its service and manufacturing footprint.

The company also will close a packaging facility and a timber and lumber mill, resulting in about 1,100 job cuts.

Agreement to Sell Global Cellulose Fibers Business International Paper has reached a definitive agreement with American Industrial Partners (AIP) to sell its Global Cellulose Fibers (GCF) business for ...

These changes include a $1.5 billion sale of IP's Global Cellulose Fibers (GCF) business and a restructuring of its North the ...

International Paper manufactures packaging products and cellulose fibers. It accounts for roughly one-third of the North American corrugated packaging market. While it mainly sold its products in ...

American Industrial Partners purchased International Paper’s Global Cellulose Fibers business for $1.5 billion, AIP announced ...