Aug 21, 04:18 PM
International Paper to Sell Cellulose Fibers Business to American Industrial Partners for $1.5 Billion, Cuts 1,000 Jobs Amid Georgia Mill Closures
Authors
6
International Paper has announced the sale of its global cellulose fibers business to private equity firm American Industrial Partners for $1.5 billion. The transaction is part of strategic changes within the company, which also includes a continuity of services agreement with Kraton. Additionally, International Paper plans to close mills in Georgia, resulting in approximately 1,000 job cuts.
Written with ChatGPT (GPT-4).
Sources
MacroEdge
International Paper to cut around 1,000 jobs due to Georgia mill closures #MacroEdge
Reuters LegalInternational Paper said on Thursday it will sell its global cellulose fibers business to private equity firm American Industrial Partners for $1.5 billion. https://t.co/fl42V35BBA
stock setter $IP - International Paper Announces Strategic Changes https://t.co/TDdaYsO96v