Private equity firm American Industrial Partners is the buyer in the long-anticipated sale. CEO Andy Silvernail has been ...

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

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

The company is restructuring its North American packaging business to improve its service and manufacturing footprint.

These changes include a $1.5 billion sale of IP's Global Cellulose Fibers (GCF) business and a restructuring of its North the ...

The company also will close a packaging facility and a timber and lumber mill, resulting in about 1,100 job cuts.

IP to Sell Global Cellulose Fibers Business to American Industrial Partners Other Changes Include a $250 Million Investment in the Riverdale Mill in Selma, Ala. and the Closure of Riceboro Mill, ...

As part of its restructuring, the company will permanently close its Savannah containerboard mill and packaging facility as ...

Back in 2018, International Paper announced a $552.7 million investment there to boost productivity, only a few months after it planned a $300 million conversion of the mill’s No. 15 paper machine.

Producers of metals and other raw materials slipped as traders awaited Federal Reserve Chairman Jerome Powell's Friday speech from Jackson Hole, Wyo. Investment firm American Industrial Partners has ...

International Paper, a longtime pillar of Coastal Georgia's economy, announced Thursday that it will permanently close its ...

Georgia Gov. Brian Kemp has issued a statement following news that International Paper would shut down its mills in Savannah ...