International Paper has completed the sale of its Global Cellulose Fibers (GCF) business to American Industrial Partners (AIP) for USD 1.5 billion, including the issuance of preferred stock to International Paper.
Jan 23, 2026
International Paper has completed the sale of its Global Cellulose Fibers (GCF) business to American Industrial Partners (AIP). AIP has acquired the GCF business for USD 1.5 billion including the issuance of preferred stock, with an aggregate initial liquidation preference of USD 190 million.
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The GCF is used to create high-quality pulp for a wide range of applications such as towel, tissue paper, and other hygiene and personal care products. In addition, its specialty pulp serves as a sustainable raw material used in construction materials, paints, coatings and more.
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The GCF segment of International Paper generated USD 2.8 billion in revenue in 2024. The business operations sold to AIP generated approximately USD 2.3 billion in revenue in 2024 excluding the revenue from closed mills. The business has 3,300 employees globally, nine manufacturing facilities and eight regional offices.
