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International Paper to cut around 1,000 jobs due to Georgia mill closures #MacroEdge
International 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
$IP - International Paper Announces Strategic Changes https://t.co/TDdaYsO96v
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.
