International Paper to close Campti, La. mill; about $357 million in pre-tax charges
International Paper said it committed on February 11, 2025 to permanently close its containerboard mill in Campti, Louisiana, and announced on February 13 that it will also close a recycling plant in Phoenix, Arizona, a box plant in Hazleton, Pennsylvania, and a sheet feeder facility in St. Louis, Missouri. The company estimates pre-tax charges of about $357 million, mostly noncash asset write-offs, to be recorded in the three months ending March 31, 2025. The closures reduce containerboard capacity and affect 495 hourly and 179 salaried employees, which shareholders should weigh against the charge.
Key points
- Campti, La. mill operations expected to cease by March 31, 2025; closure reduces containerboard capacity by about 814,000 tons annualized in the 8-K (press release says about 800,000 tons)
- Estimated pre-tax charges of about $357 million: $311 million noncash asset write-off, including $276 million accelerated depreciation, and $46 million cash severance and shutdown charges
- Press release adds closures of Phoenix, Ariz. recycling plant, Hazleton, Pa. box plant and St. Louis, Mo. sheet feeder facility, all ceasing operations by the end of April 2025
- Company expects the Campti closure to reduce its workforce by about 481 employees; 495 hourly and 179 salaried employees are affected across the facilities
The filing
Written by AI on Nov 8, 2026, 12:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 13, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.