International Paper Co. has announced the closure of two Georgia paper mills, including a Savannah mill that's been a key ...

American Industrial Partners has agreed to acquire International Paper’s global cellulose fibers business for $1.5 billion.

The latest closures bring the number of impacted IP workers to 3,600 since October 2024. The actions add to North American containerboard production capacity cuts, which now total 9.5% in 2025, ...

International Paper will close mills in Alabama and Georgia that will lead to layoffs of more than 1,000 employees.

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

International Paper announced Thursday it will close the Riceboro containerboard mill and Riceboro Timber and Lumber. International Paper bought DS Smith, which was operating the Riceboro mill, in ...

The closures are part of a broader initiative to reduce International Paper’s annual containerboard capacity by 1 million tons. One mill was nearly 90 years old.

American Industrial Partners has agreed to acquire International Paper's global cellulose fibers business for $1.5 billion. American Industrial, an industrials-focused investor, said Thursday that its ...

International Paper closure of Savannah paper mill to cost 1,100 jobs and likely will have an impact on SC's $23B forestry and timber industry.

International Paper called the decision a series of strategic changes to achieve an advantaged cost position in a press release sent out by the company on Thursday morning.

As part of its restructuring, the company will permanently close its Savannah containerboard mill and packaging facility as well as its Riceboro containerboard mill and timber operations. The closures ...

American Industrial Partners to acquire International Paper's Global Cellulose Fibers Division ...