News

International Paper announces strategic changes that lead to over 1,000 layoffs

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 selling global cellulose fibers unit for $1.5B

Private equity firm American Industrial Partners is the buyer in the long-anticipated sale. CEO Andy Silvernail has been ...
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‘Terrifying to think about’: International Paper layoffs shock community

"Losing his job means losing our health insurance and financial security all at once. To be honest, this is terrifying to ...

International Paper to sell cellulose fibers unit for $1.5 billion

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

International Paper Riegelwood Mill sold to American Industrial Partners for $1.5 billion

International Paper says the transaction is expected to close by the end of the year, but is subject to regulatory approvals.

Savannah Mayor holds briefing on closure of International Paper Savannah, Riceboro locations

Over 1,000 International Paper workers will soon lose their jobs, according to an announcement by the company Thursday ...

International Paper to shutter Savannah facilities; operations to cease by end of September

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