International Paper has completed the sale of its Global Cellulose Fibers business to funds affiliated with American Industrial Partners in a transaction valued at $1.5 billion. The deal includes a $190 million initial liquidation preference in preferred stock issued to International Paper.
The acquired business, which produces pulp for hygiene and personal care products as well as construction materials, generated approximately $2.3 billion in revenue in 2024. It employs 3,300 people across nine manufacturing facilities and eight regional offices globally. The broader GCF segment of International Paper, which included mills that have since closed, reported total revenue of $2.8 billion for 2024.
