International Paper Completes Sale of Global Cellulose Fibers Business to American Industrial Partners (AIP)

January 23, 2026 - 19:50

International Paper has officially completed the previously announced sale of its Global Cellulose Fibers business to an affiliate of American Industrial Partners (AIP). The transaction, valued at approximately $1.2 billion, marks a strategic shift for the company as it sharpens its focus on its core packaging segments.

The divested business includes all of International Paper’s global cellulose fibers manufacturing facilities. This move allows the company to streamline its operations and concentrate resources on its primary mission of providing sustainable, fiber-based packaging solutions. Leadership expressed that the decision reinforces a commitment to strengthening the balance sheet and prioritizing investments in areas with the strongest growth potential.

Proceeds from the sale are expected to be used primarily for debt reduction, enhancing International Paper’s financial flexibility. The company stated this positions it well for future strategic initiatives and continued value creation for shareholders. The completion of this deal concludes a significant chapter for International Paper as it adapts its portfolio to meet evolving market demands and long-term strategic goals. Employees associated with the cellulose fibers business have transitioned to the new ownership under AIP, a private equity firm specializing in industrial and manufacturing investments.